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Compute the predetermined overhead rates

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Question - 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 39,000 51,000

Machine-hours 87,000 39,000

Fixed manufacturing overhead cost $243,600 $438,600

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 Molding Painting

Direct labor-hours 75 129

Machine-hours 400 70

Direct materials $930 $1,120

Direct labor cost $700 $980

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 23 units, what would be the unit product cost?

Reference no: EM132912871

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