Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Required information [The following information applies to the questions displayed below] Delph Company uses a job order costing system and has two manufacturing

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

D 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 Total 21,000 $720,000 $4.00 33,000 $ 200,000 $ 2.00 54,000 $920,000 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 0-70 Direct materials cost Direct labor cost Machine-hours Total $690,000 $340,000 Molding $370,000 $220,000 15,000 Fabrication $ 320,000 $ 120,000 6,000 21,000 Molding Fabrication $ 260,000 $ 280,000 $ 100,000 6,000 Total $540,000 Job C-2001 Direct materials cost Direct labor cost Machine-hours $ 300,000 27,000 $ 400,000 33,000 elph had no underapplied or overapplied manufacturing overhead during the year. Check my work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

15th edition

1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940

More Books

Students also viewed these Accounting questions

Question

Guessing the initial of a students middle name

Answered: 1 week ago