Required:

1. Compute predetermined overhead rates used in the Molding Department and the Painting Department, round 2 decimal places.

2. Compute total overhead cost applied to Job 205, rounding predetermined overhead rate 2 decimal places, and other intermediate calculations and final answers to nearest dollar amount?

3a. What would be the goal manufacturing cost recoded for job 205, rounding predetermined overhead rate 2 decimal places, and other intermediate calculations and final answers to nearest dollar amount?

3b. If the job contained 40 units, what would be the unit proct cost, rounding predetermined overhead rate 2 decimal places, and other intermediate calculations to the nearest dollar amount, rounding final answer 2 decimal places?

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 Painting 32,000 56,900 87,000 32,000 $165,300 $483,650 $ 3.20 - 5.20 Job 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 Direct labor-hours Machine-hours Direct materials Direct labor cost 125 67 940 $1,280 s 730 950 86 400