Machine-hours		86,000
Fixed manufacturing overhead cost	$	1,272,000
Variable manufacturing overhead per computer-hour	$	3.70

During the year, a glut of furniture on the market resulted in cutting back production and a buildup of furniture in the companys warehouse. The companys cost records revealed the following actual cost and operating data for the year:

Machine-hours		60,000
Manufacturing overhead cost	$	1,209,000

Required:

1.	Compute the companys predetermined overhead rate for the year.(Round your answer to 2 decimal places.)

2.	Compute the underapplied or overapplied overhead for the year.(Round your intermediate calculations to 2 decimal places.)

3.	Assume the company closes any underapplied or overapplied overhead directly to Cost of Goods Sold. Prepare the appropriate entry.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations to 2 decimal places.)

High Desert Potteryworks makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a job-order costing system in which 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's management made the following estimates:

	Department
	Molding	Painting
Direct labor-hours	34,000	59,300
Machine-hours	88,000	39,000
Direct materials cost	$185,000	$195,000
Direct labor cost	$289,000	$514,000
Fixed manufacturing overhead cost	$281,600	$563,350
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:

	Department
	Molding	Painting
Direct labor-hours	70	135
Machine-hours	370	74
Materials placed into production	$942	$1,120
Direct labor cost	$740	$970

Required:

1.	Compute the predetermined overhead rate used during the year in the Molding Department. Compute the rate used in the Painting Department.(Round your answers to 2 decimal places.)

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

3-a.	What would be the total cost recorded for Job 205?(Round "Predetermined overhead rate" to 2 decimal places, other intermediate calculations and final answers to the nearest dollar amount.)

3-b.	If the job contained 29 units, what would be the unit product cost?(Round "Predetermined overhead rate" and final answer to 2 decimal places and other intermediate calculations to the nearest dollar amount.)

4.	At the end of the year, the records of High Desert Potteryworks revealed the following actual cost and operating data for all jobs worked on during the year:

	Department
	Molding	Painting
Direct labor-hours	27,000	59,000
Machine-hours	87,700	24,800
Direct materials cost	$162,600	$415,000
Direct labor cost	$108,000	$436,000
Manufacturing overhead cost	$484,080	$771,000

	What was the amount of underapplied or overapplied overhead in each department at the end of the year?(Round "Predetermined overhead rate" to 2 decimal places, other intermediate calculations and final answers to the nearest dollar amount. Select "None" for no effect (i.e., zero variance).)

Pureform, Inc., manufactures a product that passes through two departments. Data for a recent month for the first department follow:

	Units	Materials	Labor	Overhead
Work in process inventory, beginning	57,000	$	51,000	$	19,300	$	27,900
Units started in process	539,000
Units transferred out	560,000
Work in process inventory, ending	36,000
Cost added during the month		$	673,750	$	238,370	$	344,290

The beginning work in process inventory was 75% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 55% complete with respect to materials and 35% complete with respect to labor and overhead.

Required:

Assume that the company uses the weighted-average method of accounting for units and costs.

1.	Compute the equivalent units for the month for the first department.

2.	Determine the costs per equivalent unit for the month.(Round your answers to 2 decimal places.)