High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The...

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Accounting

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:
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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 Machine-hours 59,700 33,000 Fixed manufacturing overhead cost 40,000 86,000 $ 197,800 $ 2.80 Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour $ 561,180 e 0 $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: Department Molding Painting Direct labor-hours 83 134 Machine-hours 74 400 $948 Direct materials $ 1,300 Direct labor cost $ 740 $ 998 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 39 units, what would be the unit product cost? 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 per MH Painting Department per DLH Required 2 > Required 1 Required 2 Required 3A Required 3B What would be the total manufacturing cost recorded for Job 205? (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) Molding Painting Department Department Total Direct materials Direct labor Manufacturing overhead Total cost Required 1 Required 2 Required 3A Required 38 S If the job contained 39 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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