Question
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
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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 23,000 $ 700,000 $ 4.00 Fabrication 34,000 $ 200,000 $ 1.50 Total 57,000 $ 900,000 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 Molding $ 370,000 $ 220,000 16,000 Fabrication $ 320,000 $ 180,000 Molding 7,000 Fabrication Total $ 690,000 $ 400,000 23,000 Total Job C-200 Direct materials cost $ 300,000 $ 200,000 $ 500,000 Direct labor cost Machine-hours $ 100,000 7,000 $ 300,000 27,000 $ 400,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year.
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