Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

High desert potteryworks makes a variety ofpottery products that it sells to retailers. The company uses a job -order costing system in which departmental predetemined

High desert potteryworks makes a variety ofpottery products that it sells to retailers. The company uses a job -order costing system in which departmental predetemined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the molding departmen is based on machine-hours, and the rate in the painting department is based on direct labor-hours. at hte beginning of the year, the company provided the ollowing estimates. department

Molding Painting

direct labor-hours 37,000 53,400 machine -hours 84,000 37,000 fixed manufacturing overhead cost $ 210,000 $ 534,000 variable manufacturing overhead per machine-hour $ 2.20 - variable manufacturing overhead per direct labor-hour - $ 4.20 job 205 was started on august 1 and completed on august 10. The company's cost records show the following information concerning the job.

Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.)

department Molding Painting direct labor-hours 89 126 machien-hours 360 73 direct materials $ 948 $ 1,120 direct labor cost $ 690 $ 960 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 30 unit, what would be the unit product cost?

need better answer not undersand the excrl example

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions