Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4] 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 Direct labor-hours Machine-hours Direct materials Direct labor cost Department MoldingPainting 76 340 $ 944 $1,120 $ 740 $1,010 127 70 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 33,500 53,300 85,000 35,000 $212,500 $463,710 $ 3.00 - 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 30 units, what would be the unit product cost? $ 5.00 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. Answer is complete but not entirely correct.
Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4] 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 Direct labor-hours Machine-hours Direct materials Direct labor cost Department MoldingPainting 76 340 $ 944 $1,120 $ 740 $1,010 127 70 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 33,500 53,300 85,000 35,000 $212,500 $463,710 $ 3.00 - 3-a. What would be the total manufacturing cost recorded for Job 205? 3-b. If the job contained 30 units, what would be the unit product cost? $ 5.00 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. Answer is complete but not entirely correct.
Financial And Managerial Accounting
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![Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4]
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
Fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Variable manufacturing overhead per direct labor-hour
Machine-hours
Direct labor-hours
Machine-hours
Direct materials
Direct labor cost
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
76
340
$944 $1,120
$ 740 $1,010
Department
127
70
Molding
33,500
85,000
$212,500 $463,710
$ 3.00
Painting
53,300
35,000
$ 5.00
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 30 units, what would be the unit product cost?
Answer is complete but not entirely correct.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb0c53c3c-d25b-4f46-ae7f-d9559756d1d4%2F5b1bfd4d-9b35-4fea-b838-7030d48f3288%2Fvbmtt4g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 3-19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO3-1, LO3-2, LO3-4]
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
Fixed manufacturing overhead cost
Variable manufacturing overhead per machine-hour
Variable manufacturing overhead per direct labor-hour
Machine-hours
Direct labor-hours
Machine-hours
Direct materials
Direct labor cost
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
76
340
$944 $1,120
$ 740 $1,010
Department
127
70
Molding
33,500
85,000
$212,500 $463,710
$ 3.00
Painting
53,300
35,000
$ 5.00
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 30 units, what would be the unit product cost?
Answer is complete but not entirely correct.
Transcribed Image Text: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 30 units, what would be the unit product cost?
Complete this question by entering your answers in the tabs below.
Req 1
Req 2
Req 3A
Answer is complete but not entirely correct.
$ 3.607
Req 3B
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
< Req 1
Req 3A >
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