Question 6 20 Marks 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 Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labour-hours. At the beginning of the year, the company's management made the following estimates: 60.000 Direct labour-hours Machine-hours Direct material cost Direct labour cost Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labour-hour Department Molding Painting 12,000 70,000 8.000 R510,000 R650,000 R130.000 R420,000 R497,000 R615,000 R1.50 R2.00 Job-order 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Department Molding Painting 30 84 110 20 Direct labour-hours Machine-hours 14 APMEN12 2022 R470 Direct material cost Direct labour cost R332 R588 R325 Required: 6.1. 6.2. 6.3. Calculate the predetermined overhead rate used during the year in the Molding Department. Calculate the rate used in the Painting Department. Calculate the total overhead cost applied to Job 205. What would be the total cost recorded for Job 205? If the job combined 50 units, what would be the unit product cost? 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. 6.4. Direct labour-hours Machine-hours Direct material cost Direct labour cost Manufacturing overhead cost Department Molding Painting 10,000 62,000 65,000 9,000 R430,000 R680.000 R108.000 R436,000 R570,000 R750,000 What was the amount of underapplied or overapplied overhead in each department at the end of the year