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ces ! Required information [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing
ces ! Required information [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding Fabrication 24,000 32,000 Total 56,000 $ 720,000 $ 4.00 $ 260,000 $ 1.00 $980,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs- Job D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70 Direct materials cost Total Molding $ 370,000 Fabrication $ 320,000 $ 690,000 $ 200,000 15,000 $ 120,000 Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours 9,000 Fabrication Molding $ 280,000 $ 200,000 $ 160,000 9,000 $ 220,000 23,000 $ 320,000 24,000 Total $ 480,000 $ 380,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Check my work
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