Answer Happy

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 Direct labor-hours Machine-hours Direct materials i Direct labor cost Department Molding. 77 310 $940 $ 690 $ 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: Painting 135 67 $ 1,260 $ 970 Department Molding 37,500 87,000 $ 200,100 $ 3.20 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 24 units, what would be the unit product cost? Painting 57,700 39,000 $ 496,220 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.

Machine-hours Direct materials Direct labor cost 310 $ 940 $ 690 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 24 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Molding Department Painting Department Required 1 Required 2 Required 3A Required 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) 67 $ 1,260 $ 970 Predetermined Overhead Rate per MH per DLH < Required 1 Required 2 >