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Please Fill out the empty tables! Thank You! High Desert Potteryworks makes a variety of pottery products that it sells to retailers, such as Home
Please Fill out the empty tables! Thank You!
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 Moulding Department is based on machine-hours, and the rate in the Painting Department is based on direct labour cost. At the beginning of the year, the company's management made the following estimates: Direct labour-hours Machine-hours Direct materials cost Direct labour cost Manufacturing overhead cost Department Moulding Painting 14,000 64,000 78,000 8,800 $518,000 $658,000 $ 140,000 $ 448,000 $ 733,200 $784,000 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Direct labour-hours Machine-hours Materials placed into production Direct labour cost Department Moulding Painting 30 160 170 20 $440 $302 $260 $650 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 Moulding Painting Direct labour-hours 10,800 62,800 Machine-hours 65,800 9,800 Direct materials cost $438,000 $688,000 Direct labour cost $116,000 $444,000 Manufacturing overhead cost $630,320 $ 752,000 What was the amount of under-or overapplied overhead in each department at the end of the year? (Do not round intermediate calculations.) overhead Moulding Department Painting Department overhead 3-a. What would be the total cost recorded for Job 205? (Do not round intermediate calculations. Enter your answers rounded to the nearest whole dollar.) Department Moulding Painting 440 $ 302 Total Direct materials Direct labour 260 650 Manufacturing overhead applied Total cost $ 700 $ 952 $ 0Step by Step Solution
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