Question: Chapter 3 Assignment Check my werk mode: This shows what is correct or incorrect for the work you have completed so far. It does not

 Chapter 3 Assignment Check my werk mode: This shows what is

Chapter 3 Assignment Check my werk mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion 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 director hours. At the beginning of the year, the company provided the following estimates: Department Direct laber-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead por machine hour. Variable manufacturing overhead per direct labop hour 32.500 80,000 $200,000 $ 2.50 51.900 35.000 47,560 $ 4,80 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 Department Holdine Painting 75 132 75 $ $1160 $ 0 $1,010 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 28 units, what would be the unit product cost? arch

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f