Reference no: EM132833739
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:
Problem 1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department.
Problem 2. Compute the total overhead cost applied to Job 205.
Problem 3-a. What would be the total manufacturing cost recorded for Job 205?
Problem 3-b. If the job contained 23 units, what would be the unit product cost?
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