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Problem 3-19 (Algo) Multiple Predeterrnined Overhead Rates; Applying Overhead [LO3-1, L03-2, LOB-4] High Desert Potteryworks makes a variety of pottery products that it sells to
Problem 3-19 (Algo) Multiple Predeterrnined Overhead Rates; Applying Overhead [LO3-1, L03-2, LOB-4] High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses ajoborder 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 machinehours, and the rate in the Painting Department is based on direct labor hours. At the beginning ofthe year, the company provided the following estimates: Department Molding Painting Direct laborhours 3?,566 53,166 Machine-hours 87,666 34,666 Fixed manufacturing overhead cost $21?,566 $584,456 Variable manufacturing overhead per machinehour $ 2.68 Variable manufacturing overhead per direct laborhour $ 4.66 Job 205 was started on August1 and completed on August 10. The company's cost records show the following information concerning the job: Department MoldingPainting Direct laborhours 84 133 Machinehours 326 74 Direct materials $ 946 $1,268 Direct labor cost $ 716 $ 976 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. 3a. What would be the total manufacturing cost recorded for Job 205? 3b. Ifthejob contained 22 units, what would be the unit product cost? 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 Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department per MH Painting Department per DLH Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 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 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 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.) Department Molding Painting Total Direct materials $ 0 Direct labor 0 Manufacturing overhead 0 Total cost $ 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B If the job contained 22 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 unit
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