Problem 2.19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, LO2-2, LO2-4] High Desert Potteryworks...
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Problem 2.19 (Algo) Multiple Predetermined Overhead Rates; Applying Overhead [LO2-1, LO2-2, LO2-4] High Desert Potteryworks makes a variety, of pottery products that it sells to retallers. The company uses a job-order costing system in which departmental predetermined overhead rates ore 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 laborhours. At the beginning of the year, the company provided the following estimates: Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job: 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 36 units, what would be the unit product cost? Complete this question by entering your answers in the tabs below. Compute the Predetermined Overhead Rotes used in the Molding Department and the Painting Department. (Round your answers to 2 decingl ploces.)
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