Mathematics, 08.02.2021 08:10, clairee002
19)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
Direct labor-hours 36,000 57,100
Machine-hours 88,000 36,000
Fixed manufacturing overhead cost$237,600 $513,900
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:
Department
MoldingPainting
Direct labor-hours 83 133
Machine-hours 320 65
Direct materials$942 $1,260
Direct labor cost$690 $1,000
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 36 units, what would be the unit product cost?
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 Departmentper DLH
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
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.)
Department
MoldingPaintingTotal
Direct materials
Direct labor
Manufacturing overhead
Total cost
If the job contained 36 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
Answers: 2
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19)High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The comp...
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