Question: Hi, I need some help on this problem. Will leave a thumbs up:) High Desert Potteryworks makes a variety of pottery products that it sells




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 Direct labor-hours 36,500 58.600 Machine-hours 84,000 36,000 Fixed manufacturing overhead cost $ 243,600 $515,680 Variable manufacturing overhead per machine-hour $ 2.80 Variable manufacturing overhead per direct labor-hour $ 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 Molding Paining 76 th3 370 72 $ 948 $ 1,300 $ 710 $ 990 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 26 units, what would be the unit product cost? 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.) Predetermined Overhead Rate Molding Department Painting Department per MH per DLH Required 2 > MUS Complete this question by entering your answers in the tabs below. Required 1 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 answers to the nearest dollar amount.) Total overhead cost Required 1 Required 2 Required 3A Required 38 What would be the total manufacturing cost recorded for Job 2057 (Round "Predetermined overhead rate" to 2 decimal places Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Painting Total Department Department Direct materials Direct labor Manufacturing overhead Total cost Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 38 If the job contained 26 units, what would be the unit product cost? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations to the nearest dollar amount, Round your final answer to 2 decimal places.) Unit product cost per unit
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