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 50 units, what would be the unit product cost?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ces
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
Direct labor cost
Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concernin
the job:
Department
Molding
30
110
$ 770
$ 525
Molding Department
Painting Department
Rate
Complete this question by entering your answers in the tabs below.
Painting
84
20
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 50 units, what would be the unit product cost?
Predetermined Overhead
per MH
per DLH
$ 1,332
$1,470
Required 1 Required 2 Required 3A Required 38
Compute the predetermined overhead rates used in the Molding Department and the Painting Department. (Round your
answers to 2 decimal places.)
< Required 1
12,000
70,000
$ 497,000
$ 1.50
< Prev
60,000
8,000
$ 615,000
$ 2.00
Required 2 >
2 of 2
Next >
Transcribed Image Text:ces 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 Direct labor cost Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concernin the job: Department Molding 30 110 $ 770 $ 525 Molding Department Painting Department Rate Complete this question by entering your answers in the tabs below. Painting 84 20 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 50 units, what would be the unit product cost? Predetermined Overhead per MH per DLH $ 1,332 $1,470 Required 1 Required 2 Required 3A Required 38 Compute the predetermined overhead rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) < Required 1 12,000 70,000 $ 497,000 $ 1.50 < Prev 60,000 8,000 $ 615,000 $ 2.00 Required 2 > 2 of 2 Next >
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