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QUESTION 2 Clapton Guitars makes a variety of musical products that it sells to retailers. The company's joborder costing system uses departmental predetermined overhead rates
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Clapton Guitars makes a variety of musical products that it sells to retailers. The company's joborder costing system uses departmental predetermined overhead rates 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 laborhours. At the beginning of the year, the company provided the following estimates:
Job was started on August and completed on August The company's cost records show the following information concerning the job:
Compute the predetermined overhead rates used in the Molding Department and the Painting
Compute the total overhead cost applied to Job
What would be the total manufacturing cost recorded for Job
If the job contained units, what would be its unit product cost?
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