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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
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: Department Molding Painting Direct labor-hours 34,500 57,400 Machine-hours 83,680 31,000 Fixed manufacturing overhead cost $215,880 $533,820 Variable manufacturing overhead per machine-hour 2.60 Variable manufacturing overhead per direct - $ 4.60 labor-hour Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Direct labor-hours Machine-hours Direct materials Direct labor cost Department MoldingPainting 82 132 330 74 $ 932 $ 1,109 $720 $1,020 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. 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 29 units, what would be the unit product cost? Reg 1 Req Req 3A Reg 36 Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round intermediate calculations and final answers to the nearest dollar amount.) Total overhead cost Complete this question by our answers in the tabs below. Req 3A Regi Rega Refa 3A Req 3B What would be the total manufacturing cost recorded for Job 2057 (Round "Predetermined overt Round other intermediate calculations and final answers to the nearest dollar amount.) Department Molding Painting Total Direct materials Direct labor Manufacturing overhead Total cost S 05 Required: 1. Compute the predetermined overhead rates used in the Molding Department and the Paintin 2. Compute the total overhead cost applied to Job 205. 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 29 units, what would be the unit product cost? Complete this question by entering your an: Req 3B le tabs below. Req 1 Req 2 Req 3A 1 Req 3B If the job contained 29 units, what would be the unit product cost? (Round "Predetermined overhead places. Round other intermediate calculations to the nearest dollar amount. Round your final answer Unit product cost per unit
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