compute the predetermined overhead rates used in the modeling department and the

Question

compute the predetermined overhead rates used in the modeling department and the painting department.
compute the total overhead cost applied to job 205.
what would be the total manufacturing cost recorded for job 205?
if the job contained 37 units, what would be the unit product cost?

BACC121TentativeSchedu ?(Minbox (43)-ktou e02@ex tps://newconnect.mheducation.com/flow/connedt.htm work M Gant organ zat on-tour x va cey Pr duct o sisa Saved Help Save & E Che 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 Direct /labor-hours Machine hours Fixed manufacturing overhead cost Variable manufacturing overhead per machine-hour Variable manufacturing overhead per direct labor-hour Holding Painting 36,580 58,580 90,080 36,800 $225,600 $555,759 $2.88 $4.88 Job 205 was started on August 1 and completed on August 10 The company's cost records show the following information concerning the job HoldingPainting 135 75 $ 938 $1,300 5 680 $1,800 78 380 Direct labor hours Machine hours Direct materials Direct labor cost Required 1. Compute the predetermined overhead rates used in the Molding Depärtment and the Painting Department Dell Updat 1 update is Detals K Prev 3 of 5l Next> s e ook 1 -Excel (Produc Excel (Product Activat AVG AntiVirus

Explanation / Answer

Computation of Predetermined Overhead Rates: Particulars Molding Painting Fixed Manufacturing Overhead Cost 225000 555750 Machine Hours 90000 Direct Labor Hours 58500 Predetermined Overhead Rate 2.50 9.50 (225000/90000) (555750/58500) Computation of Total Overhead Cost applied to job 205: Particulars Molding Painting Variable Manufacturing Overhead per machine Hour 2.8 Variable Manufacturing Overhead per direct Labor Hour 4.8 Predetermined Overhead Rate 2.5 9.5 Total Overhead Cost per Machine / Labor Hour 5.3 14.3 Machine Hours 380 Direct Labor Hours 135 Total Overhead Cost applied to Job 205 2014 1930.5 (5.3*380) (14.3*135) Computation of Total Manufacturing Cost for Job 205: Particulars Molding Painting Direct Material 938 1300 Direct Labor Cost 680 1000 Total Overhead Cost 2014 1930.5 Total Manufacturing Cost 3632 4230.5 Computation of Unit Product Cost: Total Manufacturing Cost 3632+4230.5 7862.5 Number of Units 37 Unit Product Cost 7862.5/37 212.5

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.