x Solved: Muliple Predet × Welcome. Guillermo-i x https/ ne connect heducation c

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x Solved: Muliple Predet × Welcome. Guillermo-i x https/ ne connect heducation com rio connect html?returnirl https%3A%2F 3 Job Order Costing Fconnect.mheducationcom%2Fpaamweb%2Finde html Help Save High Desert Potteryworks makes a vaniety of pottery products that it sells to retailers. The company uses a job-order costing which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermi overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on d hours. At the beginning of the year, the company provided the following estimates: Direct labor-hours Machine Fixed manufacturing overheed cost Varlable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour 83,800 33,900 $174,300 %546,848 $2.88 4.80 Job 205 was started on August 1 and completed on August t10. The company's cost records show the following information co the job nces Direct labor-hours Machine- hours Direct materials Direct 940 $1,220 710 95 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 31 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below Req 1 Raq 3A Req 3B Compute the Predetermined Overhead Rates used in the Molding Department and the Painting Department. (Round your answers to 2 decimal places.) Prev 1 of 5 H Next> non ca

Explanation / Answer

1 Molding Department: The estimated total manufacturing overhead cost in the Molding Department is computed as follows: Y = $174,300 + $2.80 per MH × 83,000 MH      Estimated fixed manufacturing overhead $ 174300   Estimated variable manufacturing overhead: 232400      $2.80 per MH × 83,000 MHs   Estimated total manufacturing overhead cost $ 406700 The predetermined overhead rate is computed as follows:   Estimated total manufacturing overhead $ 406,700   ÷ Estimated total machine-hours 83,000 MHs   = Predetermined overhead rate $ 4.9 per MH Painting Department: The estimated total manufacturing overhead cost in the Painting Department is computed as follows: Y = $546,840 + $4.80 per DLH × 58,800 DLH      Estimated fixed manufacturing overhead $ 546840   Estimated variable manufacturing overhead: 282240      $4.80 per DLH × 58,800 DLHs   Estimated total manufacturing overhead cost $ 829080 The predetermined overhead rate is computed as follows:   Estimated total manufacturing overhead $ 829080   ÷ Estimated total DLHs 58800 DLHs      = Predetermined overhead rate $ 14.1 per DLH Molding Department overhead applied:      310 machine-hours × $4.90 per machine-hour 1519   Painting Department overhead applied:      127 direct labor-hours × $14.1 per DLH 1791   Total overhead cost 3310    3.a Department Moulding Painting Total Direct Materials 940 1220 2160 Direct Labor 710 950 1660 Manufacturing Overhead 1519 1791 3310 Total Cost 3169 3961 7130 3-b. Unit product cost for Job 205:   Total manufacturing cost $ 7130    ÷ Number of units in the job 31 units   = Unit product cost $ 230 per unit

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