Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 predefermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct laborhours. At the beginning of the year, the company provided the following estimates? Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information conceming the job: 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 26 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Compute the total overhead cost applied to Job 205. Noter Round "Predetermined overhead rate" to 2 decimal places. Round other intermediote calculations and final answer to the nearest dollar amount. Complete this question by entering your answers in the tabs below. What would be the total manufacturing cost recorded for Job 205 ? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. If the job contained 26 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Database Security And Auditing Protecting Data Integrity And Accessibility

Authors: Hassan A. Afyouni

1st Edition

0619215593, 9780619215590

More Books

Students also viewed these Accounting questions

Question

Describe the different types of use cases.

Answered: 1 week ago

Question

Did you include a prominent, attention-grabbing headline?

Answered: 1 week ago

Question

Did you follow BANGPP design checklist to review the layout?

Answered: 1 week ago