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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
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 24,000 $ 760,000 $ 5.00 Fabrication 32,000 $ 220,000 $ 2.00 Total 56,000 $ 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 Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $220,000 15,000 Fabrication $ 320,000 $ 140,000 9,000 Molding $ 220,000 $ 140,000 9,000 $ 260,000 $ 220,000 23,000 Fabrication Total $ 690,000 $ 360,000 24,000 Total $ 480,000 $ 360,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year.
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