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High Desert Potteryworks makes a variety of pottery products that it seils to retailers. The company uses a job order costing system in which departmental
High Desert Potteryworks makes a variety of pottery products that it seils 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 Pointing Department is based on direct lobor hours. At the beginning of the year, the company provided the following estimates Department Molding Painting Direct labor-hours 32,500 56,600 Machine-hours 89.000 31,000 Fixed manufacturing overhead cost $ 213,600 $ 509,400 Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour $ 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 $ 2.80 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job Department Molding Printing Direct labor-hours 9 129 Machine-hours 39e 66 Direct materials $ 950 $ 1,200 Direct labor cost $ 690 1990 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 25 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 30 Compute the predetermined Overhead Rates used in the Molding Department and the Painting Department (Round your answers to 2 decimal places.)
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