Question
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:
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 38 units, what would be the unit product cost?
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. answers to 2 decimal places.) What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 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 38 units, what would be the unit product cost? (Round "Predetermined overhead rate" places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Answer is not complete. Complete this question by entering your answers in the tabs below. Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal intermediate calculations and final answer to the nearest dollar amount.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started