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I ONLY NEED WELL-ORGANIZED AND ACCURATE ANSWERS! THANKS. Required information [The following information applies to the questions displayed below. Delph Company uses a job-order costing
I ONLY NEED WELL-ORGANIZED AND ACCURATE ANSWERS! THANKS.
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: Molding Fabrication Total 64,000 27,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 37,000 $ 770,000 240,000 $1,010,000 $ 5.10 5.10 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 Molding Fabrication Total 370,000 326,000 Job D-70: Direct materials cost Direct labor cost Machine-hours 696,000 $ 200,000 170,000 370,000 27,000 18,000 9,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total 290,000 220,000 $ 510,000 $ 180,000 $ 290,000 $ 470,000 37,000 9,000 28,000Step by Step Solution
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