Homework Answers
1) Plantwide overhead rate = (1060000/64000)+5.70 = 22.26 per MH
b) Total manufacturing cost
| Job D-70 | Job C-200 | |
| Direct material | 697000 | 440000 |
| Direct labor | 360000 | 430000 |
| Overhead | 27000*22.26 = 601020 | 823620 |
| Total manufacturing cost | 1658020 | 1693620 |
c) Bid price
Job D-70 = 1658020*1.5 = $2487030
Job C-200 = 1693620*1.5 = 2540430
d) Cost of goods sold = 1658020+1693620 = $3351640
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Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required information [The following information applies to the questions displayed below! Delph Company uses a job-order...
Required information [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 23,000 $ 710,000 5.50 Fabrication 33,eee $ 270, eee $ 5.50 Total 56, eee $980, eee During the year, the company had no beginning or ending inventories and it started, completed,...
Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required information [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 25,000 $ 730,000 $ 6.00 Fabrication 35,000 $280,000 $ 6.00 Total 60,000 $1,010,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only...
Required information [The following Information applies to the questions displayed below.) Delph Company uses a Job-order...
Required information [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: Molding Fabrication Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Total 60.000 $1,000,000 $ 790,000 $ 5.50 $290,000 $ 5.50 During the year, the company had no beginning or ending Inventories and it started, completed, and sold only two Jobs-...
Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required information [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 27,000 $ 760,000 $ 5.40 Fabrication 37,000 $250,000 $ 5.40 Total 64,000 $1,010,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only...
Required information The following information applies to the questions displayed below.] Delph Company uses a job-order...
Required information 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 Fabrication 28,000 38,000 $ 710,000 $ 210,000 $ 5.70 $ 5.70 Total 66,000 $920,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Required information [The following information applies to the questions displayed below.] Delph Company uses a job-order...
Required information [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 Fabrication 28,000 38,000 $ 790,000 $ 270,000 $ 6.00 $ 6.00 Total 66,000 $1,060,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
iz (Required) Saved Required information (The following information applies to the questions displayed below) Delph Company...
iz (Required) Saved Required information (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: Fabrication 39,000 $ 290,000 Total 68,000 $1,010,000 Molding 29,000 $ 720,000 6.10 Machine-hours Fixed manufacturing overhead costs Variable nanufacturing overhead cost per machine-hour $ $ 6.10 During the year, the company had no beginning or ending inventories and it started,...
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required Information [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 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 During the year, the company had no beginning or ending Inventories and it started, completed, and sold...
Required information [The following information applies to the questions displayed below.] Delph Company uses a job-order...
Required information [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: Molding Fabrication Total Machine-hours 29,000 39,000 68,000 Fixed manufacturing overhead costs $ 730,000 $ 260,000 $ 990,000 Variable manufacturing overhead cost per machine-hour $ 5.30 $ 5.30 During the year, the company had no beginning or ending inventories and it started,...
Required information (The following information applies to the questions displayed below.) Delph Company uses a job-order...
Required information (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 Fabrication 25,000 35,000 $ 710,000 $ 290,000 $ 5.80 $ 5.80 Total 60,000 $1,000,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Required information [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 23,000 $ 710,000 5.50 Fabrication 33,eee $ 270, eee $ 5.50 Total 56, eee $980, eee During the year, the company had no beginning or ending inventories and it started, completed,...
Required information [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 25,000 $ 730,000 $ 6.00 Fabrication 35,000 $280,000 $ 6.00 Total 60,000 $1,010,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only...
Required information [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: Molding Fabrication Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Total 60.000 $1,000,000 $ 790,000 $ 5.50 $290,000 $ 5.50 During the year, the company had no beginning or ending Inventories and it started, completed, and sold only two Jobs-...
Required information [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 27,000 $ 760,000 $ 5.40 Fabrication 37,000 $250,000 $ 5.40 Total 64,000 $1,010,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only...
Required information 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 Fabrication 28,000 38,000 $ 710,000 $ 210,000 $ 5.70 $ 5.70 Total 66,000 $920,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Required information [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 Fabrication 28,000 38,000 $ 790,000 $ 270,000 $ 6.00 $ 6.00 Total 66,000 $1,060,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
iz (Required) Saved Required information (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: Fabrication 39,000 $ 290,000 Total 68,000 $1,010,000 Molding 29,000 $ 720,000 6.10 Machine-hours Fixed manufacturing overhead costs Variable nanufacturing overhead cost per machine-hour $ $ 6.10 During the year, the company had no beginning or ending inventories and it started,...
Required Information [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 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 During the year, the company had no beginning or ending Inventories and it started, completed, and sold...
Required information (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 Fabrication 25,000 35,000 $ 710,000 $ 290,000 $ 5.80 $ 5.80 Total 60,000 $1,000,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
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