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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 Holding 22.000 $800,000 $3.00 Fabrication Total 34,000 $ 240,000 11.50 56, 000 $1,040,000 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 1:76 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cont Direct labor cost Machine-hours Melding $370,000 $220,000 Fabrication $220,000 $160,000 Total $690,000 3380,000 16,000 6,000 22,000 $ 250,000 $140,000 Fabrication $200,000 Total $480,000 $ 300,000 6,000 29,000 $440,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Help
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