Question

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 $ 720,000 $ 220,000 $ 5.99 $ 5.90 Total 66,000 $940,000 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 $ 326,000 $701,000 $ 200,000 $ 160,000 $360,000 20,000 8,000 28,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 220,000 $ 520,000 $ 100,000 $ 240,000 $340,000 8,000 30,000 38,000 Delph had no underapplied or overapplied manufacturing overhead during the year.

Answer 1

Answes: Amcunt Pasticulars Total fized manufacturing overhead$940,000 Variable manufacturing ast: mokding C$5.90x28,000) Fabriation C$5,10x38,000) Total manufoclurin g overhead Ca) $1,329, 0o Total machine hours $165, 20 $224,200 (b) GG 000 manufocturing oves head per machine hour (c= atb) కవిం :14 _Particulars Direct materials Disect labor Job D-70 Job C-200 $526, 000 $ 201,000 $ 360,000 $340,000 manufacturing oue head applied (25,000x 20.14), (38/000 xa0.iu) $ S63, 920 $ 765, 320 Total manufacturing cost $16 24,920 $ 1, 625,320 Particulars C-200 D-70 Total marefacturing ast ca) maskup pescentage (6) Bid price $1,625,320 $1624,920 130%. 130/. (axb) $2,112396 $2,112,916, @- cast al goods sold for the yeas : has no inventsfes and its ending begining started and Completed johs D-70 and job C-200. Delph Compony 08 The Gst of goods sold for year is manufacturing ast of job D-70 Qnd jab c-a00, of Delph Gompany $ 3,250,240. is !. Gest of goods sold for year (1,624,92041725,320)