Help [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. Th 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 24,000 $ 760,000 $ 3.00 Fabrication 33,000 $ 220,000 $ 2.00 Total 57,000 $ 980,000 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 Machine-hours Total $ 690,000 $ 380,000 24,000 Molding $ 370,000 $ 200,000 15,000 Fabrication $ 320,000 $ 180,000 9,000 Molding $ 200,000 $ 100,000 9,000 $ 200,000 $ 400,000 $ 260,000 24,000 $ 360,000 33,000 Fabrication Total Delph had no underapplied or overapplied manufacturing overhead during the year.
Help [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. Th 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 24,000 $ 760,000 $ 3.00 Fabrication 33,000 $ 220,000 $ 2.00 Total 57,000 $ 980,000 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 Machine-hours Total $ 690,000 $ 380,000 24,000 Molding $ 370,000 $ 200,000 15,000 Fabrication $ 320,000 $ 180,000 9,000 Molding $ 200,000 $ 100,000 9,000 $ 200,000 $ 400,000 $ 260,000 24,000 $ 360,000 33,000 Fabrication Total Delph had no underapplied or overapplied manufacturing overhead during the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Help
[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. Th
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
24,000
$ 760,000
$ 3.00
Fabrication
33,000
$ 220,000
$ 2.00
Total
57,000
$ 980,000
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
Machine-hours
Total
$ 690,000
$ 380,000
24,000
Molding
$ 370,000
$ 200,000
15,000
Fabrication
$ 320,000
$ 180,000
9,000
Molding
$ 200,000
$ 100,000
9,000
$ 200,000
$ 400,000
$ 260,000
24,000
$ 360,000
33,000
Fabrication
Total
Delph had no underapplied or overapplied manufacturing overhead during the year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe69d0e66-fce5-4d23-bc15-7f18e301dc21%2Fae308a55-54d5-46e6-b1bc-8a728542152f%2Fr405os_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Help
[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. Th
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
24,000
$ 760,000
$ 3.00
Fabrication
33,000
$ 220,000
$ 2.00
Total
57,000
$ 980,000
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
Machine-hours
Total
$ 690,000
$ 380,000
24,000
Molding
$ 370,000
$ 200,000
15,000
Fabrication
$ 320,000
$ 180,000
9,000
Molding
$ 200,000
$ 100,000
9,000
$ 200,000
$ 400,000
$ 260,000
24,000
$ 360,000
33,000
Fabrication
Total
Delph had no underapplied or overapplied manufacturing overhead during the year.
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