[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 costs Variable manufacturing overhead cost per machine-hour Molding 20,000 $ 700,000 $ 3.00 $ Fabrication 30,000 $ 210,000 1.00 Total 50,000 $ 910,000 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 Molding Fabrication Total $375,000 $325,000 $700,000 $ 200,000 $ 160,000 $ 360,000 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 250,000 $550,000 $ 175,000 $225,000 $400,000 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses 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.
[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 costs Variable manufacturing overhead cost per machine-hour Molding 20,000 $ 700,000 $ 3.00 $ Fabrication 30,000 $ 210,000 1.00 Total 50,000 $ 910,000 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 Molding Fabrication Total $375,000 $325,000 $700,000 $ 200,000 $ 160,000 $ 360,000 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 250,000 $550,000 $ 175,000 $225,000 $400,000 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses 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.
Chapter5: Process Costing
Section: Chapter Questions
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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 provided the following estimates at the beginning of the year:
Machine-hours
Fixed manufacturing overhead costs
Variable manufacturing overhead cost per machine-hour
Molding
20,000
$ 700,000
$
3.00 $
Fabrication
30,000
$ 210,000
1.00
Total
50,000
$ 910,000
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
Molding
Fabrication Total
$375,000 $325,000 $700,000
$ 200,000 $ 160,000 $ 360,000
14,000
6,000
20,000
Job C-200:
Direct materials cost
Direct labor cost
Machine-hours
Molding
Fabrication
Total
$ 300,000 $ 250,000 $550,000
$ 175,000 $225,000 $400,000
6,000 24,000 30,000
Delph had no underapplied or overapplied manufacturing overhead during the year.
Required:
1. Assume Delph uses 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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8bc534b5-f2fa-4836-8746-5bc4c1fe5f55%2Fda616510-5033-4c3c-a22c-79e0a2a03abb%2Fqzmxbnd_processed.png&w=3840&q=75)
Transcribed Image Text:[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 costs
Variable manufacturing overhead cost per machine-hour
Molding
20,000
$ 700,000
$
3.00 $
Fabrication
30,000
$ 210,000
1.00
Total
50,000
$ 910,000
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
Molding
Fabrication Total
$375,000 $325,000 $700,000
$ 200,000 $ 160,000 $ 360,000
14,000
6,000
20,000
Job C-200:
Direct materials cost
Direct labor cost
Machine-hours
Molding
Fabrication
Total
$ 300,000 $ 250,000 $550,000
$ 175,000 $225,000 $400,000
6,000 24,000 30,000
Delph had no underapplied or overapplied manufacturing overhead during the year.
Required:
1. Assume Delph uses 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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