Problem 2-19 (Static) Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, LO2-2, LO2-4] 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: Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Department Molding 12,000 70,000 $ 497,000 $ 1.50 Painting 60,000 8,000. $ 615,000 $ 2.00 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning. the job: Direct labor-hours : Machine-hours Direct materials Direct labor cost Required: Department Molding 30 Painting 84 110 20 $ 770 $ 525 $ 1,332 $1,470 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?