ercises (1 pt) Seved 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 Department Molding 36,500 81,000 Painting 52,400 3 210,600 $2.60 38,000 $466,360 0 $ 4.60 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: Department Molding Painting 78 127 66 $750 $3,260 $ 960 330 $932 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?