Question
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
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 Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Department Molding 37,500 81,000 $186,300 $ 3.20 Painting 58,900 37,000 $ 500,650 Variable manufacturing overhead per direct labor-hour $5.20 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 81 320 $940 $690 Painting 135 68 $1,260 $950 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Molding Department Painting Department Predetermined Overhead Rate per MH per DLH Required 1 Required 2 > Required 1 Required 2 Required 3A Required 3B Compute the total overhead cost applied to Job 205. Note: Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and fina the nearest dollar amount. Total overhead cost nces Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 2057 (Round "Predetermined overhead rate" to 2 deci Round other intermediate calculations and final answers to the nearest dollar amount.) Direct materials Direct labor Manufacturing overhead Total cost Molding Department Painting Department Total Required 1 Required 2 Required 3A Required 3B If the job contained 30 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 deci places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal p Unit product cost per unit
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