Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company...
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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 the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 20,000 $ 720,000 Fabrication: 35,000 $ 240,000 Total 55,000 $960,000 S 4.00 $ 1.50 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-701 Direct materials cost Direct labor cost, Machine-hours Holding Fabrication $370,000 $320,000 $690,000 $200,000 $ 180,000 14,000 6,000 30,000 20,000 D Job C-200 Holding Fabrication Total Direct materials cost Direct labor cost. Machine-hours $300,000 $200,000 $ 50,000 $120,000 $200,000 $300,000 6,000 29,000 15,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200 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 costs Variable manufacturing overhead cost per machine-hour Molding 20,000 $ 720,000 Fabrication: 35,000 $ 240,000 Total 55,000 $960,000 S 4.00 $ 1.50 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-701 Direct materials cost Direct labor cost, Machine-hours Holding Fabrication $370,000 $320,000 $690,000 $200,000 $ 180,000 14,000 6,000 30,000 20,000 D Job C-200 Holding Fabrication Total Direct materials cost Direct labor cost. Machine-hours $300,000 $200,000 $ 50,000 $120,000 $200,000 $300,000 6,000 29,000 15,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200
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