High Desert Pottery works makes a variety of pottery products that it sells to retailers...
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Accounting
High Desert Pottery works makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a joborder costing system in which predetermined overhead rates are used to apply manufacturing overbead cost to jobs. The predetermined overhead rate in the Molding Department is based on machinebours, and the rate in the Painting Department is based on direct labor cost. At the beginning of the year, the company's management made the following estimates: Job was started on August and completed on August The company's cost records show the following information conceming the job: Required: Compute the predetermined overhead rate used during the year in the Molding Department. Compute the rate used in the Painting Department. Compute the total overhead cost applied to Job What would be the total cost recorded for Job If the job contained units, what would be the unit product cost? At the end of the year, the records of High Desert Pottery works revealed the following actual cost and operating data for all jobs worked on during the year: What was the amount of under or overapplied overhead in each department at the end of the year?
High Desert Pottery works makes a variety of pottery products that it sells to retailers such as Home
Depot. The company uses a joborder costing system in which predetermined overhead rates are used to
apply manufacturing overbead cost to jobs. The predetermined overhead rate in the Molding Department
is based on machinebours, and the rate in the Painting Department is based on direct labor cost. At the
beginning of the year, the company's management made the following estimates:
Job was started on August and completed on August The company's cost records show
the following information conceming the job:
Required:
Compute the predetermined overhead rate used during the year in the Molding Department.
Compute the rate used in the Painting Department.
Compute the total overhead cost applied to Job
What would be the total cost recorded for Job If the job contained units, what would be
the unit product cost?
At the end of the year, the records of High Desert Pottery works revealed the following actual cost
and operating data for all jobs worked on during the year:
What was the amount of under or overapplied overhead in each department at the end of the year?
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