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CHECK FIGURE (3) $236.30 per unit PROBLEM 2-22 Multiple Departments: Applying Overhead (LOJ, LOS, LOB) Patterson Furniture makes a variety of garden furniture that it sells to retailers such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used to apply manu- facturing 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 cost. At the beginning of the year, the company's management made the following estimates: Department Molding Painting Direct labor-hours 3,800 85.000 Machine-hours... 60,000 2,500 Direct materials cost ... ... $700,000 $490,000 Direct labor cost $42.000 Manufacturing overhead cost ............ $324.000 $595,000 $952.000 Job 435 was started on August 10 and completed on October 2. The company's cost records show the following information concerning the job: Problems 119 Department Molding Painting 230 Direct labor-hours .... Machine-hours ..... Materials placed into production .... Direct labor cost ........ .. 250 $700 .... $150 $105 $1.840 Required: 1. Compute the predetermined overhead rate used during the year in the Molding Department. Compute the rate used in the Painting Department. 2. Compute the total overhead cost applied to job 435. 3. What would be the total cost recorded for job 435? If the job contained 30 units, what would be the unit product cost? 4. At the end of the year, the records of Patterson Furniture revealed the following actual cost and operating data for all jobs worked on during the year: Department Molding Painting Direct labor-hours... 5.000 87,000 Machine-hours ....... 3.000 62,000 Direct materials cost .... $600,000 $550,000 Direct labor cost .......... $602,000 $50,000 $970,000 Manufacturing overhead cost ............ $320,000 What was the amount of under-or overapplied overhead in each department at the end of the year? CHECK FIGURE