a.Computation of departmental pre-determined OH rates based on M/c hrs. | ||
Molding | Fabrication | |
Estimated Fixed MOH costs | 710000 | 230000 |
Estimated M/c hrs. | 32000 | 42000 |
so, Departmental Pre-determined Fixed MOH rate=Estd. MOH costs/Estd. Machine hrs. | 710000/32000= | 230000/42000= |
22.19 | 5.48 | |
per MH | per MH | |
Add: | ||
Variable MOH /m.c hr. | 6.1 | 6.1 |
Total pre-determined MOH rate | 28.29 | 11.58 |
b. Total Manufacturing costs assigned to: | ||||
Job D- 70 | ||||
Direct material costs | ||||
Molding | 371000 | |||
Fabrication | 326000 | 697000 | ||
Direct labor costs | ||||
Molding | 210000 | |||
Fabrication | 160000 | 370000 | ||
MOH costs | ||||
Molding dept. | ||||
Fixed mfg. costs | 23000*22.19= | 510370 | ||
VMOH costs | 23000*6.10= | 140300 | 650670 | |
Fabrication dept. | ||||
Fixed mfg. costs | 9000*5.48= | 49320 | ||
VMOH costs | 9000*6.1= | 54900 | 104220 | 754890 |
Total manufacturing costs assigned to Job D-70 | 1821890 | |||
(D/M+D/L+MOH) | ||||
Job C-200 | ||||
Direct material costs | ||||
Molding | 250000 | |||
Fabrication | 280000 | 530000 | ||
Direct labor costs | ||||
Molding | 110000 | |||
Fabrication | 300000 | 410000 | ||
MOH costs | ||||
Molding dept. | ||||
Fixed mfg. costs | 9000*22.19= | 199710 | ||
VMOH costs | 9000*6.10= | 54900 | 254610 | |
Fabrication dept. | ||||
Fixed mfg. costs | 33000*5.48= | 180840 | ||
VMOH costs | 33000*6.1= | 201300 | 382140 | 636750 |
Total manufacturing costs assigned to Job C-200 | 1576750 | |||
(D/M+D/L+MOH) |
c. Bid prices | ||
Job D-70 | 1821890*140%= | 2550646 |
Job C-200 | 1576750*140%= | 2207450 |
d. Delph's COGS for the Year |
1821890+1576750= |
3398640 |
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Required) 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 Iding IllFabrication 29,000 39,000 720,000 $ 290,000 6.10 Total 68,000 $1,010,000 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.) Part 2 of 2 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 Holding 32,000 $ 710,000 6.10 Fabrication 42.000 $ 230,000 $ 6.10 Total 74.000 $940,000 eBook Print During the year, the company had no beginning or ending inventories...
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...
2 and 3) 1 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 Total 27,000 37,000 64,000 $780,000 $ 280,000 $1,060,000 5.70 $ 5.70 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 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...
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 Molding 31,00e $ 700,00e 5.30 Total Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 41,800 72,eee $ 920, eee $ 220,0e0 5.30 During the year, the company had no beginning or ending inventories and it started, completed, and sold...
Help Save & Exit Submit 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 Part 1 of 2 Holding Fabrication Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 710,000 6.10 $ $ 230,000 6.10 Skipped eBook During the year, the company had no beginning or ending inventories...
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...
Help Save & Exit S Check my CYMI 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 20,000 30,000 50,000 Fixed manufacturing overhead costs $700,000 $ 210,000 910,000 Variable manufacturing overhead cost per machine- hour $ 3.00 $ 1.00 During the year, the company had no beginning or ending inventories...
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 $790.000 $ 5.50 Fabrication 35,000 $ 290,000 $ 5.50 Total 60,000 $1,000,000 During the year, the company had no beginning or ending Inventories and it started, completed, and sold only...