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 verhead 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 Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Molding Painting 39,000 56,900 88,000 37,000 $ 272,800 $529,170 $ 2.40 4.40 ob 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 Department MoldingPainting 87 126 300 73 $ 934 $1,380 $ 710 $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 31 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req Reg 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 Painting Department per MH per DLH Ree Req 2 > 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. 3a. What would be the total manufacturing cost recorded for Job 205? 3-5. If the job contained 31 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req1 Req 2 Req 3A Reg 38 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 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3A Reg 38 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 Painting Total Direct materials Direct labor Manufacturing overhead Total cost 5-d. Will WUUU U U U diuidy LUSLIELU U JUU 2013 3b. If the job contained 31 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3A Reg 38 If the job contained 31 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
