Question: High Desert Potteryworks.... show steps if possible Problem 2-19 Multiple Predetermined Overhead Rates; Applying Overhead LO21, LO2-2, Lo24) High Desert Potteryworks makes a variety of

High Desert Potteryworks.... show steps if possible  High Desert Potteryworks.... show steps if possible Problem 2-19 Multiple Predetermined

Problem 2-19 Multiple Predetermined Overhead Rates; Applying Overhead LO21, LO2-2, Lo24) 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 MoldingPainting 68,000 8,000 Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine- hour Variable manufacturing overhead per direct labor-hour 12,000 7e,060 s 497,000 s 615,e00 $ 1.5e 2.80 Job 205 was started on August 1 and completed on August 10. The companys cost records show the following information concerming the job: tment Holding Paintings Direct labor-hours Nachine-hours Direct materials Direct labor cost 84 20 S 770$1,332 $25$ 1,470 36 11e Required: 1. Compute the predetermined overhead rates used in the Molding De 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 50 units, what would be the unit product cost? and the Painting Department ny arch

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