High Desert Potteryworks makes a variety of pottery products 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 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's management made the following estimates:

molding department painting department

Direct labor hours 12,000 60,000

machine hours 70,000 8,000

direct material cost $510,000 $650,000

direct labor cost $130,000 $420,000

fixed manufacturing overhead cost $497,000 $615,000

variable manufacturing overhead per machine-hour $1.50 ---

variable manufacturing overhead per direct labor-hour ---- $2.00

Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job:

molding department painting department

Direct labor hours 30 84

machine hours 110 20

materials placed into production $470 $332

direct labor cost $325 $588

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 205
3. What would be the total cost recorded for Job 205? If the job contained 50 units, what would be the unit product cost?
4. At the end of the year, the records of High Desert Potteryworks revealed the following actual cost and operating data for all jobs worked on during the year:

molding department painting department

Direct labor hours 10,000 62,000

machine hours 65,000 9,000

direct material cost $430,000 $680,000

direct labor cost $108,000 $436,000

manufacturing overhead cost $570,000 $750,000

What was the amount of undersupplied or overapplied overhead in each department at the end of the year?