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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
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 Variable manufacturing overhead per direct labor-hour Department Molding Painting 37,000 51,100 80,000 36,000 $ 208,000 $ 459,900 $ 2.80 $ 4.80 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 Department Molding Painting 89 125 340 74 $ 932 $ 1,300 $ 740 $ 960 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? Required 1 Required 2 Required 3A Required 3B Compute the Predetermined Overhead Rates used in the Mold answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Painting Department per MH per DLH Required 1 Required 2 Required 3A Required 3B Compute the total overhead cost applied to Job 205. (Round "Predeterm intermediate calculations and final answers to the nearest dollar amount Total overhead cost Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined ove Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Department Painting Department Total $ 0 0 Direct materials Direct labor Manufacturing overhead Total cost 0 ca 0 $ 0 $ GA 0 Required 1 Required 2 Required 3A Required 3B If the job contained 31 units, what would be the unit product cost? (Round "Predeterm places. Round other intermediate calculations to the nearest dollar amount. Round yo Unit product cost per unit
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