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Find what would be the unit product

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Reference no: EM132597975

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                                            39,500                   50,000

Machine-hours                                                  85,000                  31,000

Fixed manufacturing overhead cost                       $161,500            $450,000

Variable manufacturing overhead per machine-hour      $3.00                    -

Variable manufacturing overhead per direct labor-hour      -                       $5.00

                                                                                    Department

                                                                                 Molding          Painting

Direct labor-hours                                                 75           130

Machine-hours                                                       310        75

Direct materials                                                    $932         $1,260

Direct labor cost                                                      $720       $980

Required:

Question 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department.

Question 2. Compute the total overhead cost applied to Job 205.

Question 3-a. What would be the total manufacturing cost recorded for Job 205?

Question 3-b. If the job contained 30 units, what would be the unit product cost?

Reference no: EM132597975

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