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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 Molding 21,000 $800,000 Fabrication $4.00 31,000 $220,000 $ 1.00 Total 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 Job C-200 Direct materials cost Direct labor cost Kachine-hours Molding $370,000 $240,000 16,000 Fabrication 320,000 $ 180,000 5,000 Total $650,000 $420,000 21,000 Molding $200,000 Fabelcation $260,000 5 160,000 5,000 $ 240,000 Total $540,000 $ 400,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200
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