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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 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 51,100 89,000 30,000 $222,500 $465,010 38,000 $ 2.60 $ 4.60 Job 205 was started on August 1 and completed on August 10. The company's cost records show the followingg information concerning the job Department MoldingPainting Direct labor-hours Machine-hours Direct materials Direct labor cost 135 72 $ 938 $1,120 $ 710 $1,000 70 340 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 Req 1 Req 2 Req 3A Req 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department Painting per MH per DLH Req 1 Req 2 Req 1 Req 2 Req 3A Req 3B Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round intermediate calculations and final answers to the nearest dollar amount.) otal overhead cost Req 1 Req 3A > Req 1 Req 2 Req 3A Req 3B what would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal Round other intermediate calculations and final answers to the nearest dollar amount.) Department Molding Painting Total Direct materials Direct labor Manufacturing overhead Total cost
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