vork Saved Problem 2-19 Multiple Predetermined Overhead Rates; Applying Overhead (L02-1, LO2-2, LO2-4) 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 37,000 59,400 Machine-hours 81,600 39,000 Fixed manufacturing overhead cost $234,900 $570, 240 Variable manufacturing overhead per machine-hour 2.00 Variable manufacturing overhead per direct labor-hour 4.60 $ $ 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 70 128 Machine-hours 370 74 Direct materials $ 934 $1,288 Direct labor cost $ 740 $1,888 Machine-hours Direct materials Direct Tabor cost 370 74 $934 $1,280 $ 740 $1,000 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 26 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 ReQ 3A Reg 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Molding Department per MH Painting Department per DLH Reg 2 > Machine-hours Direct materials Direct labor cost 370 74 $ 934 $1,280 $ 740 $1,000 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 26 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Req 1 Hea 2 Reg 3A Req 38 Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round other Intermediate calculations and final answers to the nearest dollar amount.) Total overhead COSI 2. Homework Saved 5 3-0. It the job contained 20 units, what would be the unit product cost Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Reg 3A Reg 38 Book What would be the total manufacturing cost recorded for Job 2052 (Round "Predetermined overhead rate to 2 decimal places Round other intermediate calculations and final answers to the nearest dollar amount.) int Department Molding Painting Total Direct materials Direct labor Manufacturing overhead Total cost ME Homework Saved 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 26 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A Reg 38 nt ices If the job contained 26 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations to the nearest dollar amount. Round your final answer to 2 decimal places.) Unit product cost per unit
