Question
In: Accounting
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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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 | Fabrication | Total | ||||
| Machine-hours | 29,000 | 39,000 | 68,000 | |||
| Fixed manufacturing overhead costs | $ | 760,000 | $ | 280,000 | $ 1,040,000 | |
| Variable manufacturing overhead per machine-hour | $ | 5.60 | $ | 5.60 | ||
|
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: | Molding | Fabrication | Total | |||
| Direct materials cost | $ | 378,000 | $ | 324,000 | $ | 702,000 |
| Direct labor cost | $ | 240,000 | $ | 140,000 | $ | 380,000 |
| Machine-hours | 23,000 | 6,000 | 29,000 | |||
| Job C-200: | Molding | Fabrication | Total | |||
| Direct materials cost | $ | 250,000 | $ | 230,000 | $ | 480,000 |
| Direct labor cost | $ | 180,000 | $ | 220,000 | $ | 400,000 |
| Machine-hours | 6,000 | 33,000 | 39,000 | |||
Delph had no overapplied or underapplied manufacturing overhead
during the year.
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Expert Solution
| Working | |||
| Particulars | Molding | Fabrication | Total |
| Machine Hours | 29000 | 39000 | 68000 |
| Variable OH per Hour | 5.6 | 5.6 | |
| Fixed OH Expenses | 760000 | 280000 | |
| Fixed OH per Hour | $ 26.21 | $ 7.18 | |
| Job D-70 | |||
| Particulars | Molding | Fabrication | Total |
| Direct Material | $ 3,78,000.00 | $ 3,24,000.00 | $ 7,02,000.00 |
| Direct Labour Cost | $ 2,40,000.00 | $ 1,40,000.00 | $ 3,80,000.00 |
| Variable OH | $ 1,28,800.00 | $ 33,600.00 | $ 1,62,400.00 |
| Fixed OH | $ 6,02,758.62 | $ 43,076.92 | $ 6,45,835.54 |
| Total Cost | $ 13,49,558.62 | $5,40,676.92 | $ 18,90,235.54 |
| Job C-200 | |||
| Particulars | Molding | Fabrication | Total |
| Direct Material | $ 2,50,000.00 | $ 2,30,000.00 | $ 4,80,000.00 |
| Direct Labour Cost | $ 1,80,000.00 | $ 2,20,000.00 | $ 4,00,000.00 |
| Variable OH | $ 33,600.00 | $ 1,84,800.00 | $ 2,18,400.00 |
| Fixed OH | $ 1,57,241.38 | $ 2,36,923.08 | $ 3,94,164.46 |
| Total Cost | $ 6,20,841.38 | $8,71,723.08 | $ 14,92,564.46 |
ekkarill92 answered 3 years agoRelated Solutions
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication.
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: MoldingFabricationTotalMachine-hours24,00033,00057,000Fixed manufacturing overhead cost$740,000$240,000$980,000Variable manufacturing overhead cost per machine-hour$4.00$1.00 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-70MoldingFabricationTotalDirect materials cost$370,000$320,000$690,000Direct labor cost$240,000$140,000$380,000Machine-hours14,00010,00024,000 Job C-200MoldingFabricationTotalDirect materials cost$200,000$300,000$500,000Direct labor cost$120,000$240,000$360,000Machine-hours10,00023,00033,000Delph had no underapplied...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication.
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
Fabrication
Total
Machine-hours
34,000
44,000
78,000
Fixed manufacturing overhead costs
$
790,000
$
220,000
$
1,010,000
Variable manufacturing overhead cost per machine-hour
$
6.00
$
6.00
During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication.
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
Fabrication
Total
Machine-hours
25,000
33,000
58,000
Fixed manufacturing overhead cost
$
780,000
$
260,000
$
1,040,000
Variable manufacturing overhead cost per machine-hour
$
3.00
$
2.00
During the year, the company had no beginning or ending inventories and it started, completed, and...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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 Fabrication Total Machine-hours 24,000 33,000 57,000 Fixed
manufacturing overhead cost $ 780,000 $ 240,000 $ 1,020,000
Variable manufacturing overhead cost per machine-hour $ 4.00 $ 1.50
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...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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
Fabrication
Total
Machine-hours
23,000
33,000
56,000
Fixed manufacturing overhead costs
$
700,000
$
250,000
$
950,000
Variable manufacturing overhead cost per machine-hour
$
5.80
$
5.80
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...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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
Fabrication
Total
Machine-hours
23,000
33,000
56,000
Fixed manufacturing overhead costs
$
700,000
$
250,000
$
950,000
Variable manufacturing overhead cost per machine-hour
$
5.80
$
5.80
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...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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
Fabrication
Total
Machine-hours
29,000
39,000
68,000
Fixed manufacturing overhead costs
$
740,000
$
270,000
$
1,010,000
Variable manufacturing overhead cost per machine-hour
$
5.50
$
5.50
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...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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
Fabrication
Total
Machine-hours
29,000
39,000
68,000
Fixed manufacturing overhead costs
$
740,000
$
270,000
$
1,010,000
Variable manufacturing overhead cost per machine-hour
$
5.50
$
5.50
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...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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
Fabrication
Total
Machine-hours
28,000
38,000
66,000
Fixed manufacturing overhead costs
$
770,000
$
280,000
$
1,050,000
Variable manufacturing overhead cost per machine-hour
$
5.70
$
5.70
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...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company...
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
Fabrication
Total
Machine-hours
24,000
34,000
58,000
Fixed manufacturing overhead costs
$
710,000
$
240,000
$
950,000
Variable manufacturing overhead cost per machine-hour
$
5.40
$
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...
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