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MANUFACTURING OVERHEAD IS WRONG!!! please help thats the only part WRONG THE REST IS RIGHT!! High Desert Potteryworks makes a variety of pottery products that
MANUFACTURING OVERHEAD IS WRONG!!!
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 30,500 55,000 Machine-hours 81,000 30,000 Fixed manufacturing overhead cost $ 243,000 $ 522,500 Variable manufacturing overhead per machine-hour $ 2.40 Variable manufacturing overhead per direct labor-hour $ 4.40 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: ok ences Department Molding Painting Direct labor-hours 84 129 Machine-hours 300 75 Direct materials $934 $1,300 Direct labor cont $ 700 $ 970 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- What would be the total manufacturing cost recorded for Job 205? 3.b. If the job contained 35 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required JA Required 38 What would be the total manufacturing cost recorded for Job 2057 (Round "Predetermined overhead rate to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Painting Department Department Total Direct materials 9345 13005 2,234 Direct labor 700 970 1,670 Manufacturing overhead 3,004 3.413 7,317 Total cost $ 5.538 5,6835 11.221 ifaw Till please help thats the only part WRONG THE REST IS RIGHT!!
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