Answered step by step
Verified Expert Solution
Question
1 Approved Answer
anyone can help? (Req1-Req3b) Please try to write clearly and make sure the writing can be seen. thank you:) High Desert Potteryworks makes a variety
anyone can help? (Req1-Req3b) Please try to write clearly and make sure the writing can be seen. thank you:)
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor- hours. At the beginning of the year, the company provided the following estimates: Department Molding Painting Direct labor-hours Machine-hours 39,500 86,000 56,000 35,000 Fixed manufacturing overhead cost $ 197,800 $ 498,400 Variable manufacturing overhead per machine-hour $ 2.80 Variable manufacturing overhead per direct labor-hour $ 4.80 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Department Painting Direct labor-hours Machine-hou 127 Molding 85 390 $950 $ 698 71 Direct materials Direct labor cost $1,140 $ 1,010 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department. 2. Compute the total overhead cost applied to Job 205. 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 39 units, what would be the unit product cost? Required 1 Required 2 Required 3A Required 38 Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department per MH Painting Department per DLH Required 1 Required 2 Required 3A Required 3B Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round other Intermediate calculations and final answers to the nearest dollar amount.) Total overhead cost Required 1 Required 2 Required 3A Required 38 What would be the total manufacturing cost recorded for Job 2057 (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Department Painting Department Total Direct materials Direct labor Manufacturing overhead Total cost Required 1 Required 2 Required 3A Required 38 If the job contained 39 units, what would be the unit product cost? (Round "Predetermined overhead rate to 2 decimal places. Round other Intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal places.) Unit product cost per unit Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started