Complete this question by entering your answers in the tabs below. 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.) Molding Department Painting Department Predetermined Overhead Rate per MH per DLH
Complete this question by entering your answers in the tabs below. 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.) Molding Department Painting Department Predetermined Overhead Rate per MH per DLH
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Complete this question by entering your answers in the tabs below.
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.)
Molding Department
Painting Department
Predetermined Overhead
Rate
per MH
per DLH
Required 1 Required 2
Required 1
Complete this question by entering your answers in the tabs below.
Required 2 >
Required 3A Required 38
Compute the total overhead cost applied to Job 205. (Round "Predetermined overhead rate" to 2 decimal places. Round other
intermediate calculations and final answer to the nearest dollar amount.)
Total overhead cost
< Required 1
Required 3A >
![Problem 2-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, 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:
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
Department
Molding
87
400
$936
$ 710
Painting
131
70
Department
Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning
the job:
$ 1,160
$980
Molding
30,500
89,000
$ 204,700
$ 2.80
0
Painting
51, 100
33,000
$ 449,680
0
$ 4.80
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4cca78d1-bc34-46b2-bd8b-917c202c12d4%2F5281aaf0-fd6f-4971-8847-2964c6fdd8c3%2Fdd8gpyk_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 2-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, 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:
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
Department
Molding
87
400
$936
$ 710
Painting
131
70
Department
Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning
the job:
$ 1,160
$980
Molding
30,500
89,000
$ 204,700
$ 2.80
0
Painting
51, 100
33,000
$ 449,680
0
$ 4.80
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.
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