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Required information. Exercise 2-15 (Static) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2- 1, LO2-2, LO2-3, LO2-4] [The following information applies to the
Required information. Exercise 2-15 (Static) 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 Corhpany 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 Molding 20,000 Fabrication 30,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $ 700,000 $ 210,000 3.00 $ 1.00 Total 50,000 $910,000 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 14,000 Molding $375,000 $325,000 $700,000 $200,000 $ 160,000 $360,000 6,000 20,000 Fabrication Total
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