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: Total 56,000 $ 1,040,000 Fabrication Molding 25,000 $ 760,000 $ 5.00 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 31,000 $ 280,000 $ 1.50 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: Molding $ 370,000 $ 220,000 Job D-70 Fabrication Total $ 320,000 $ 140,000 $ 690,000 $ 360,000 25,000 Direct materials cost Direct labor cost Machine-hours 16,000 9,000 Job C-200 Molding $ 300,000 $ 160,000 9,000 Fabrication Total $ 240,000 $ 240,000 22,000 $ 540,000 $ 400,000 31,000 Direct materials cost Direct labor cost Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year.
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: Total 56,000 $ 1,040,000 Fabrication Molding 25,000 $ 760,000 $ 5.00 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 31,000 $ 280,000 $ 1.50 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: Molding $ 370,000 $ 220,000 Job D-70 Fabrication Total $ 320,000 $ 140,000 $ 690,000 $ 360,000 25,000 Direct materials cost Direct labor cost Machine-hours 16,000 9,000 Job C-200 Molding $ 300,000 $ 160,000 9,000 Fabrication Total $ 240,000 $ 240,000 22,000 $ 540,000 $ 400,000 31,000 Direct materials cost Direct labor cost Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter5: Process Cost Accounting—general Procedures
Section: Chapter Questions
Problem 7E: The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units...
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