Question

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 $760,000 $ 5.50 Fabrication 41,800 $250,000 $ 5.50 Total 72,800 $1,210,000 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-7e: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $326,880 $ 696,880 $ 240,000 $140,$388,888 24,99 7,000 31,899 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 250,000 $280,00 $ 539,800 $ 170,000 $260,800 $ 430,000 7,880 34,800 41,888 Delph had no underapplied or overapplied manufacturing overhead during the year.

Answer 1

	Molding	Fabrication
Fixed manufacturing overhead cost	760,000	250,000
Machine hours	31,000	41,000
Fixed manufacturing rate per hour	24.52	6.10
Variable manufacturing overhead rate	5.50	5.50
Pre determined overhead rate	30.02	11.60
Cost Assigned
	D-70	C-200
Direct Material cost	696,000	530,000
Direct Labor Cost	380,000	430,000
Overheads:
Molding	720,480	210,140
Fabrication	81,200	394,400
Total cost assigned	1,877,680	1,564,540
Bid Price
	D-70	C-200
Total cost	1,877,680	1,564,540
Bid Price	2,440,984	2,033,902
Cost of Goods sold = Cost of jobs	3,442,220