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PLEASE ANSWER ALL THE REQUIREMENTS High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing
PLEASE ANSWER ALL THE REQUIREMENTS
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 35, 000 54, 700 Machine-hours 080 'T8 30, 000 Fixed manufacturing overhead cost $283, 500 $557, 940 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 MoldingPainting Direct labor-hours 73 126 Machine-hours 310 72 Direct materials $ 948 $1, 200 Direct labor cost $ 730 $ 980 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 36 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below.Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Depart answers to 2 decimal places.) Predetermined Overhead Rate Molding Department per MH Painting Department per DLH Reg 2 >Complete this question by entering your answers in the tabs below. Req 1 Req 2 Reg 3A Req 3B Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decim intermediate calculations and final answers to the nearest dollar amount.) Total overhead cost Req 1 Req 3A >Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Reg 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rat Round other intermediate calculations and final answers to the nearest dollar amount.) Department Molding Painting Total Direct materials Direct labor Manufacturing overhead Total cost Prev 3 of 26Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B If the job contained 36 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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