2a | Departmental predetermined overhead rates | |||||||
Molding department | ||||||||
Fixed manufacturing overhead | (700,000/20000) | 35.00 | ||||||
Variable manufacturing overhea | 3.00 | |||||||
predetermined overhead rate | 38.00 | |||||||
Fabrication department | ||||||||
Fixed manufacturing overhead | (210,000/30000) | 7.00 | ||||||
Variable manufacturing overhea | 1.00 | |||||||
predetermined overhead rate | 8.00 | |||||||
Molding department | 38.00 | per MH | ||||||
Fabrication department | 8.00 | per MH | ||||||
2b) | total manufacturing cost assinged | |||||||
job D-70 | ||||||||
molding | Fabrication | total | ||||||
Direct materials cost | 375,000 | 325,000 | 700,000 | |||||
direct labor cost | 200,000 | 160,000 | 360,000 | |||||
overhead assigned | ||||||||
molding 38*14000 | 532000 | 532000 | ||||||
Fabrication 8*6000 | 48000 | 48000 | ||||||
total manufacturing cost | 1,107,000 | 533,000 | 1,640,000 | |||||
job c-200 | ||||||||
molding | Fabrication | total | ||||||
Direct materials cost | 300,000 | 250,000 | 550,000 | |||||
direct labor cost | 175,000 | 225,000 | 400,000 | |||||
overhead assigned | ||||||||
molding | 38*6000 | 228000 | 228000 | |||||
Fabrication 11.59*28000 | 8*24000 | 192000 | 192000 | |||||
total manufacturing cost | 703,000 | 667,000 | 1,370,000 | |||||
total manufacturing | ||||||||
cost | ||||||||
job D-70 | 1,640,000 | |||||||
Job C-200 | 1,370,000 | |||||||
2c) | Bid price | |||||||
cost | ||||||||
job D-70 | 2,460,000 | |||||||
Job C-200 | 2,055,000 | |||||||
2d) | cost of goods sold | 3,010,000 | ||||||
this is all one problem Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job...
Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs (LO2-1, LO2-2, LO2-3, LO2-4) [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 24, eee 33,eee $740, eee $ 220, eee $ 4.00 $ 1.ee Total 57, eee $960, eee Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost...
Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4) (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 21,000 31,000 $ 730,000 $300,000 $ 5.20 $ 5.20 Total 52,000 $1,030,000 During the year, the...
Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4] (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 22,000 33,000 55,000 Fixed manufacturing overhead cost $ 740,000 $ 240,000 $980,000 Variable manufacturing overhead cost per machine-hour $ 5.00 $ Total 2.00 During the year, the...
Exercise 2-15 (Static) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4) [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 cost Variable manufacturing overhead cost per machine-hour Molding 20,800 $ 700,000 $ 3.00 Fabrication 30,000 $ 210,000 $ 1.00 Total 50,000 $ 918,800 During the year,...
Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3,LO2-4] Required Information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3,LO2-4] [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...
- Homework 12 Required Information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2- 2, LO2-3, LO2-4) [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: 12 Molding Fabrication Total 23,000 33,000 56.000 $760,000 $220,000 $980,000 1.50 Machine-hours Fixed manufacturing overhead coat Variable manufacturing overhead cont per machine-hour Priet...
Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2- 1, LO2-2, LO2-3, LO2-4) 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 21,000 31,000 $ 730,000 $ 300,000 $ 5.20 $ 5.20 Total 52,000 $1,030,000 During the...
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 23,00 $ 710,000 5.50 Fabrication 33,eee $ 270,000 $ 5.50 Total 56, eee $980, eee During the year, the company had no beginning or ending inventories and it started, completed, and...
Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4] [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 24,000 32,000 56,000 Fixed manufacturing overhead cost $ 740,000 $ 200,000 $ 940,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.50 During...
Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3,LO2-4] Part 1 of 2 Required Information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates: Job Costs (LO2-1, LO2-2, LO2-3.LO2-4] 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,...