High Desert Potteryworks makes a varlety of pottery products that It sells to retallers. The company uses a Job-order costing system Inwhich departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predeterminedoverhead rate In the Molding Department Is based on machine-hours, and the rate In the Palnting Department Is based on direct labor-hours. At the beglnning of the year, the company provided the following estimates:DepartmentMolding PaintingDirect labor-hours33,00082,000$229,600 $494,70051,00035,000Machine-hoursFixed manufacturing overhead costvariable manufacturing overhead per machine-hourVariable manufacturing overhead per direct labor-hour2.40244.40Job 205 was started on August 1 and completed on August 10. The company's cost records show the following Information concerningthe Job:DepartmentMolding PaintingDirect labor-hours78126Machine-hours37073Direct materials$ 950$ 700$1,300$1,010Direct labor costRequired:1. Compute the predetermined overhead rates used in the Molding Department and the Palnting Department.2. Compute the total overhead cost applled to Job 205.3-a. What would be the total manufacturing cost recorded for Job 205?3-b. If the job contalned 31 units, what would be the unit product cost?Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3ARequired 38Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round youranswers to 2 decimal places.)Predetermined Overhead RateMolding DepartmentPainting Departmentper MHper DLHRequired 1Required 2 > High Desert Potteryworks makes a varlety of pottery products that It sells to retalers. The company uses a job-order costing systemwhich departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predeterminedoverhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labehours. At the beglinning of the year, the company provided the following estimates:DepartmentMolding Painting33,00082,000$229,600 $494, 700Direct labor-hours51,00035,000Machine-hoursFixed manufacturing overhead costvariable manufacturing overhead per machine-hourVariable manufacturing overhead per direct labor-hour2.40%244.40Job 205 was started on August 1 and completed on August 10. The company's cost records show the following Information concerninthe Job:DepartmentMolding PaintingDirect labor-hours78126Machine-hours37073$1,300$1,010Direct materials$ 950$ 700Direct labor costRequlred:1. Compute the predetermined overhead rates used in the Molding Department and the Palnting Department.2. Compute the total overhead cost appled to Job 205.3-a. What would be the total manufacturing cost recorded for Job 205?3-b. If the Job contalned 31 units, what would be the unit product cost?Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3A Required 38Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round youranswers to 2 decimal places.)Predetermined Overhead RateMolding DepartmentPainting Departmentper MHper DLH< Required 1Required 2 >

Name: High Desert Potteryworks makes a varlety of pottery products that It
Uploaded: 2024-03-20T06:32:49.000Z
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Description: High Desert Potteryworks makes a varlety of pottery products that It sells to retallers. The company uses a Job-order costing system Inwhich departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predete