Ch. 2: Homework Saved Help Save & Exit Submit Check my work 3 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: points artment Molding Painting 31,00056,900 80,000 33,000 $216,000 $495,030 Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour eBook $ 2.80 -$4.80 Print Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Refereices artment MoldingPainting 128 70 $ 948 $1,120 $730 $ 960 Direct labor-hours Machine-hours Direct materiala Direct labor cost 86 400 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 24 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 2 Req 3A Req 1 Req 3B 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 Painting Department per MH per DLH Complete this question by entering your answers in the tabs below. Req 1 Req 3A Req 2 Req 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Department Molding Total Painting Direct materials Direct labor Manufacturing overhead Total cost 0 0 0 0 $ Req2 Req 3B > Complete this question by entering your answers in the tabs below Req 1 Req 2 Req 3B Req 3A If the job contained 24 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.) per unit nit product cost Req 3A Req 3B
