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HW-8 points Saved Help Save & Exit Submit Check my work High Desert Potteryworks makes a variety of pottery products that it sells to retailers.

HW-8 points Saved Help Save & Exit Submit Check my work 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: es Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Molding, Painting 39,000 88,000 $ 184,800 55,600 31,000 $ 494,840 $ 2.80 0 0 $ 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: Department Molding Painting Direct labor-hours Machine-hours Direct materials 75 360 131 66 $ 932 $ 1,100 Direct labor cost $ 690 $ 990 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 31 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. < Prev 3 of 3 Next > 2736

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