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ces High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which
ces 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: Direct labor-hours Machine-hours Variable manufacturing overhead per machine-hour Fixed manufacturing overhead cost. Variable manufacturing overhead per direct labor-hour Department Molding 32,000 85,000 $144,500 Painting 56,500 36,000 $ 514,150 $ 3.20 $5.201 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Direct labor-hours Machine-hours Direct materials Direct labor cost Required: Department Molding Painting 76 320 $.936 131 65 $ 1,240 $ 700 $ 1,000 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 30 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3A Required 38 Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your
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