! Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2,...

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! Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 52,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,020,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 22,000 Fabrication Total 30,000 $ 740,000 $ 4.00 $ 280,000 $ 1.50 52,000 $ 1,020,000 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 $ 220,000 14,000 Molding $ 370,000 Fabrication $ 320,000 $ 140,000 Total Job C-200 Molding Direct materials cost $ 260,000 Fabrication $ 240,000 8,000 $ 690,000 $ 360,000 22,000 Total $ 500,000 Direct labor cost Machine-hours $ 120,000 8,000 $ 220,000 22,000 $ 340,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. ! Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 52,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,020,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 22,000 Fabrication Total 30,000 $ 740,000 $ 4.00 $ 280,000 $ 1.50 52,000 $ 1,020,000 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 $ 220,000 14,000 Molding $ 370,000 Fabrication $ 320,000 $ 140,000 Total Job C-200 Molding Direct materials cost $ 260,000 Fabrication $ 240,000 8,000 $ 690,000 $ 360,000 22,000 Total $ 500,000 Direct labor cost Machine-hours $ 120,000 8,000 $ 220,000 22,000 $ 340,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year.