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Show your work and explain please. Thank you igh Desort Potteryworks makes a variety of pottery products that it sells to retailers, such as Home
Show your work and explain please.
igh Desort 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 Moulding Department is based on machine-hours, and the rate in the Painting Department is based on direct labour cost. At the beginning of the year, the company's management made the following estimates: Direct labour-hours 12,00060,000 70,000 Direct materials cost Direct labour cost $510,000 $650,000 $130,000 $420,000 Manufacturing overhead cost $602,000 $735,000 Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Moulding Painting Direct labour-hours 75 25 Materials placed into production $480 $340 $280 $660 40 90 Direct labour cost Required: 1. Compute the predetermined overhead rate used during the year in the M Department Compute the rate used in the Painting Department. (Round "Cost per machine-hour" answer to 2 Predetermined Overhead Rate Moulding Painting Department % of direct labor cost 2 Compute the total overhead cost applied to Job 205. (Do not round intermediate calculations.) Thank you
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