Question
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing syste which departmental predetermined
High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing syste 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 l 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 36,000 85,000 $ 246,500 $ 2.40 Painting 56,800 36,000 $ 511,200 $ 4.40 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information conce the job: Direct labor-hours Machine-hours. Direct materials Department Molding 76 Painting 320 $942 132 70 $ 1,2001 $ 730 $ 1,020 Direct labor cost Required: Compute the predetermined overhead rates used in the Molding Department and the Painting Department. 2. Compute the total overhead cost applied to Job 205. B-a. What would be the total manufacturing cost recorded for Job 205? B-b. If the job contained 33 units, what would be the unit product cost? Compute the Predetermined Overhead Rates used in the Molding Department and the Painting answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Painting Department per MH per DLH Required 2 > nces 3-b. If the job contained 33 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. 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 final am the nearest dollar amount. Total overhead cost < Required 1 Required 3A > Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal place Round other intermediate calculations and final answers to the nearest dollar amount.) Direct materials Direct labor Manufacturing overhead Total cost Molding Department Painting Department 2 < Required 2 Total Required 3B > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 If the job contained 33 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 de places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal Unit product cost per unit
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