Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4] 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 33,500 53,300 85,000 35,000 $212,500 $463, 710 $ 3.00 $ 5.00 Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Direct labor-hours Machine-hours Direct materials Direct labor cost 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 30 units, what would be the unit product cost? Req 1 Department MoldingPainting 76 340 $944 $1,120 $ 740 $1,010 Complete this question by entering your answers in the tabs below. Req 2 127 70 Req 3A Molding Department Painting Department Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Req 3B per MH per DLH
Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4] 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 33,500 53,300 85,000 35,000 $212,500 $463, 710 $ 3.00 $ 5.00 Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: Direct labor-hours Machine-hours Direct materials Direct labor cost 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 30 units, what would be the unit product cost? Req 1 Department MoldingPainting 76 340 $944 $1,120 $ 740 $1,010 Complete this question by entering your answers in the tabs below. Req 2 127 70 Req 3A Molding Department Painting Department Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Predetermined Overhead Rate Req 3B per MH per DLH
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Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
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![Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4]
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
33,500
53,300
85,000
35,000
$212,500 $463, 710
$ 3.00
$ 5.00
Direct labor-hours
Machine-hours
Fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Variable manufacturing overhead per direct labor-hour
Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning
the job:
Direct labor-hours
Machine-hours
Direct materials
Direct labor cost
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 30 units, what would be the unit product cost?
Req 1
Department
MoldingPainting
76
340
$944 $1,120
$ 740 $1,010
Complete this question by entering your answers in the tabs below.
Req 2
127
70
Req 3A
Molding Department
Painting Department
Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your
answers to 2 decimal places.)
Predetermined Overhead Rate
Req 3B
per MH
per DLH](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0c53c3c-d25b-4f46-ae7f-d9559756d1d4%2Ff378e2e4-a929-4306-9cdb-18ce7fdff336%2Fu3t1hbo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4]
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
33,500
53,300
85,000
35,000
$212,500 $463, 710
$ 3.00
$ 5.00
Direct labor-hours
Machine-hours
Fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Variable manufacturing overhead per direct labor-hour
Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning
the job:
Direct labor-hours
Machine-hours
Direct materials
Direct labor cost
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 30 units, what would be the unit product cost?
Req 1
Department
MoldingPainting
76
340
$944 $1,120
$ 740 $1,010
Complete this question by entering your answers in the tabs below.
Req 2
127
70
Req 3A
Molding Department
Painting Department
Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your
answers to 2 decimal places.)
Predetermined Overhead Rate
Req 3B
per MH
per DLH
Transcribed Image Text: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 30 units, what would be the unit product cost?
Complete this question by entering your answers in the tabs below.
Req 1
Req 2
Direct materials
Direct labor
Req 3A
what would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal places.
Round other intermediate calculations and final answers to the nearest dollar amount.)
Department
Manufacturing overhead
Total cost
Req 3B
Molding
Painting
< Req 2
Total
Req 3B >
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