Problem $3-19($Algo$)$ Multiple Predetermined Overhead Rates; Applying Overhead $[$LO$3-1,$ LO$3-2,$ LO$3-4]$

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

Direct labor$-$hours $36,00054,500$

Machine$-$hours $80,00035,000$

Fixed manufacturing overhead cost $ $248,000$ $ $523,200$

Variable manufacturing overhead per machine$-$hour $ $2\mathrm{.}20-$

Variable manufacturing overhead per direct labor$-$hour $-$ $ $4\mathrm{.}20$

Job $205$ was started on August $1$ and completed on August $10.$ The company's cost records show the following information concerning the job:

Department

Molding Painting

Direct labor$-$hours $82129$

Machine$-$hours $33075$

Direct materials $ $934$ $ $1,200$

Direct labor cost $ $700$ $ $1,020$

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 $37$ units, what would be the unit product cost?Problem $3-19($Algo$)$ Multiple Predetermined Overhead Rates; Applying Overhead $[$LO$3-1,$ LO$3-2,$ LO$3-4]$

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:

Job $205$ was started on August $1$ and completed on August $10.$ The company's cost records show the following information concerning

the job:

Required:

Compute the predetermined overhead rates used in the Molding Department and the Painting Department.

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 $37$ units, what would be the unit product cost?

Complete this question by entering your answers in the tabs below.

Req $1$

Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. $($Round your

answers to $2$ decimal places.$)$