tips Jphewconnect.mheduca nect.html Ch. 2: Homework Help Save& Exit Submit 3 Che

Question

tips Jphewconnect.mheduca nect.html Ch. 2: Homework Help Save& Exit Submit 3 Check my work High Desert Potteryworks makes a variety of pottery products that it sells to retalers. 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 /labo hours. At the beginning of the year, the company provided the following estimates 5 points Direct labor-hours Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead per machino-hour Variable manufacturing overhead per direct 1abos-hour Print 6,500 50.200 3.C00a2.000 8215,800 8456, 820 3-0 ~# 5.00 Job 205 was started on August 1 and comeleted on August 10. the companys cost records show the folowing information conceming the job: Direot labor-hours Machine-hours Direct materiale Direct labor cost 730 $ 980 Required:

Explanation / Answer

Req 1. Pre-determined Ohh rate: Molding department: Fixed (215,800/83,000) 2.6 Variable 3 Total Molding OH per MH 5.6 per MH painting Department: Fixed (456,820/50,200): 9.1 Variable 5 Total Painting OH per DLH 14.1 per DLH OH rate; Moding 5.6 per MH Painting 14.1 per DLh Req 2: Overheads Cost applied to JOB 205: Molding department (330 MH @ 5.60): 1848 Painting deptt (127 DLH @14.10): 1791 Total Overheads cost 3639 Req 3-a: Molding Painting Material 940 1200 labour 730 980 manufacturing OH 1848 1791 Total cost 3518 3971 Req 3-b: Molding Painting Total Material 940 1200 2140 labour 730 980 1710 manufacturing OH 1848 1791 3639 Total cost 3518 3971 7489 Divide: Number of units 24 Unit Product cost 312.04

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