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: Molding 22,000 $ 720,000 $ 4.00 Fabrication Total Machine-hours 32,000 $ 220,000 $ 1.50 54, 000 $ 940,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 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: Molding $ 370,000 $ 220,000 13,000 Job D-70 Fabrication Direct materials cost Direct labor cost Machine-hours $ 320,000 $ 180,000 9,000 Total $ 690,000 $ 400,000 22,000 Molding $ 300,000 $ 140,000 9,000 Job C-200 Fabrication Total $ 280,000 $ 240,000 23,000 $ 580,000 $ 380,000 32,000 Direct materials cost Direct labor cost Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year.
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: Molding 22,000 $ 720,000 $ 4.00 Fabrication Total Machine-hours 32,000 $ 220,000 $ 1.50 54, 000 $ 940,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 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: Molding $ 370,000 $ 220,000 13,000 Job D-70 Fabrication Direct materials cost Direct labor cost Machine-hours $ 320,000 $ 180,000 9,000 Total $ 690,000 $ 400,000 22,000 Molding $ 300,000 $ 140,000 9,000 Job C-200 Fabrication Total $ 280,000 $ 240,000 23,000 $ 580,000 $ 380,000 32,000 Direct materials cost Direct labor cost Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year.
Chapter5: Process Costing
Section: Chapter Questions
Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...
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