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Exercise 2 - 1 / ( Static ) HIantwide and Departmental Hredetermined Uverhead Kates; Job Costs LLU 2 - 1 , LO 2 - 2
Exercise Static HIantwide and Departmental Hredetermined Uverhead Kates; Job Costs LLU LO LO LO
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Delph Company uses joborder costing with a plantwide pledetermined overhead rate based on machinehours. At the beginning of the year, the company estimated that machinehours would be required for the period's estimated level of production. It also estimated $ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per machinehour
Because Delph has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machinehours. The company gathered the followirig information to enable calculating departmental overhead rates.
tableMolding,Fabrication,TotalMachinehours,Fixed manufacturing owerhead cost,$$Variable manufacturing overhead cost per machinehour,$$$
During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D and Job C It provided the following information related to those two jobs.
tableJob DMolding,Fabrication,TotalDirect materials cost,$$$
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