Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with this. Compute the total overhead cost applied to Job 205. Note: Round Predetermined overhead rate to 2 decimal the nearest dollar amount.

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Need help with this.

Compute the total overhead cost applied to Job 205. Note: Round "Predetermined overhead rate" to 2 decimal the nearest dollar amount. What would be the total manufacturing cost recorded for Job 205? Note: Round "Predetermined overhead rate" to 2 decimal places. Round othe the nearest dollar amount. \begin{tabular}{|l|l|l|} \hline & PredeterminedOverheadRate \\ \hline Molding Department & per MH \\ \hline Painting Department & per DLH \\ \hline \end{tabular} If the job contained 50 units, what would be the unit product cost? Note: Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate amount. Round your final answer to 2 decimal places. 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 laborhours. At the beginning of the year, the company provided the following estimates: Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: 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 50 units, what would be the unit product cost

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

Recommended Textbook for

Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2000 Internal Audits

Authors: Paul C. Palmes

1st Edition

0873896416, 978-0873896412

More Books

Students also viewed these Accounting questions

Question

=+Show that all periodic functions have distributions.

Answered: 1 week ago