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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: Department Molding Painting Direct labor-hours 33,000 56,700 Machine-hours 83,000 35,000 Fixed manufacturing overhead cost $ 207,500 $ 532,980 Variable manufacturing overhead per machine-hour $ 2.60 0 variable manufacturing overhead per direct labor-hour 0 $ 4.60 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Department Molding Painting Direct labor-hours 80 126 Machine-hours 310 73 Direct materials $ 930 $ 1,160 Direct labor cost $ 690 $ 1,000 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 24 units, what would be the unit product cost? Required 1 Required 2 Required 3A Required 3B Compute the Predetermined Overhead Rates used in the Molding Department answers to 2 decimal places.) Predetermined Overhead Rate per MH Molding Department Painting Department per DLH Required 1 Required 2 Required 3A Required 3B Compute the total overhead cost applied to Job 205. (Round "Pre intermediate calculations and final answers to the nearest dollar Total overhead cost Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round "Pr Round other intermediate calculations and final answers to the nearest dollar Molding Department Painting Department Total Direct materials Direct labor Manufacturing overhead Total cost Required 1 Required 2 Required 3A Required 3B If the job contained 24 units, what would be the unit product cost? (R places. Round other intermediate calculations to the nearest dollar am Unit product cost per unit
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