Question
***PLEASE ANSWER ALL REQUIRED PARTS AND SHOW HOW YOU GOT YOUR ANSWERS*** High Desert Potteryworks makes a variety of pottery products that it sells to
***PLEASE ANSWER ALL REQUIRED PARTS AND SHOW HOW YOU GOT YOUR ANSWERS***
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 | 36,000 | 50,500 |
Machine-hours | 87,000 | 31,000 |
Fixed manufacturing overhead cost | $ 191,400 | $ 434,300 |
Variable manufacturing overhead per machine-hour | $ 3.00 | - |
Variable manufacturing overhead per direct labor-hour | - | $ 5.00 |
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 | 74 | 130 |
Machine-hours | 380 | 75 |
Direct materials | $ 936 | $ 1,180 |
Direct labor cost | $ 710 | $ 1,010 |
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?
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. Required 1 Required 2 Required 3A Required 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Assessment Tool iFrame Predetermined Overhead Rate per MH Molding Department Painting Department per DLH 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. Required 1 Required 2 Required 3A Required 3B 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.) Total overhead cost 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. Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Department Painting Department Total Direct materials $ 0 Direct labor Manufacturing overhead 0 0 0 Total cost 0 $ 0 0 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. Required 1 Required 2 Required 3A Required 3B If the job contained 31 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal places.) Unit product cost per unitStep by Step Solution
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