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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
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: Total Molding Fabrication 36,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead per machine-hour$ 26,000 760,000 $ 5.40 62,000 1,040,000 280,000 $ 5.40 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 $ 379,000 327,000 $706,000 Direct labor cost Machine-hours Molding Fabrication Total $ 210,000 $ 120,000 $ 330,000 20,000 6,000 26,000 Job C-200 Direct materials cost 260,000 $ 250,000 Direct labor cost Machine-hours Molding Fabrication Total 510,000 $ 120,000 $ 240,000 $ 360,000 6,000 30,000 36,000 Delph had no overapplied or underapplied manufacturing overhead during the year
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