{"id":23489,"date":"2024-01-19T13:14:00","date_gmt":"2024-01-19T13:14:00","guid":{"rendered":"https:\/\/essays.homeworkacetutors.com\/2024\/01\/job-order-costing-system-assignment\/"},"modified":"2024-01-19T13:14:00","modified_gmt":"2024-01-19T13:14:00","slug":"job-order-costing-system-assignment","status":"publish","type":"post","link":"https:\/\/www.colapapers.com\/us\/job-order-costing-system-assignment\/","title":{"rendered":"Job-Order Costing System Assignment"},"content":{"rendered":"

Delph Company uses a job-order costing system and has two manufacturing departments\u2014Molding and Fabrication. The company provided the following estimates at the beginning of the year:<\/p>\n

\u00a0 \"Top<\/a><\/p>\n\n\n\n\n\n\n\n
<\/td>\nMolding<\/td>\nFabrication<\/td>\n<\/td>\nTotal<\/td>\n<\/tr>\n
Machine-hours<\/td>\n<\/td>\n28,000<\/td>\n<\/td>\n38,000<\/td>\n<\/td>\n66,000<\/td>\n<\/tr>\n
Fixed manufacturing overhead costs<\/td>\n$<\/td>\n780,000<\/td>\n$<\/td>\n300,000<\/td>\n$<\/td>\n1,080,000<\/td>\n<\/tr>\n
Variable manufacturing overhead cost per machine-hour<\/td>\n$<\/td>\n6.00<\/td>\n$<\/td>\n6.00<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs\u2014Job D-70 and Job C-200. It provided the following information related to those two jobs:<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n
Job D-70:<\/td>\nMolding<\/td>\nFabrication<\/td>\nTotal<\/td>\n<\/tr>\n
Direct materials cost<\/td>\n$<\/td>\n375,000<\/td>\n$<\/td>\n326,000<\/td>\n$<\/td>\n701,000<\/td>\n<\/tr>\n
Direct labor cost<\/td>\n$<\/td>\n240,000<\/td>\n$<\/td>\n140,000<\/td>\n$<\/td>\n380,000<\/td>\n<\/tr>\n
Machine-hours<\/td>\n<\/td>\n19,000<\/td>\n<\/td>\n9,000<\/td>\n<\/td>\n28,000<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n
Job C-200:<\/td>\nMolding<\/td>\nFabrication<\/td>\nTotal<\/td>\n<\/tr>\n
Direct materials cost<\/td>\n$<\/td>\n250,000<\/td>\n$<\/td>\n260,000<\/td>\n$<\/td>\n510,000<\/td>\n<\/tr>\n
Direct labor cost<\/td>\n$<\/td>\n160,000<\/td>\n$<\/td>\n240,000<\/td>\n$<\/td>\n400,000<\/td>\n<\/tr>\n
Machine-hours<\/td>\n<\/td>\n9,000<\/td>\n<\/td>\n29,000<\/td>\n<\/td>\n38,000<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Delph had no underapplied or overapplied manufacturing overhead during the year.<\/p>\n

Exercise 2-15 Part 1<\/p>\n

Required:<\/strong><\/p>\n

1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours.<\/p>\n

a. Compute the plantwide predetermined overhead rate.<\/p>\n

b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.<\/p>\n

c. If Delph establishes bid prices that are 140% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?<\/p>\n

d. What is Delph\u2019s cost of goods sold for the year? Get Accounting homework help<\/a><\/span> today<\/p>\n","protected":false},"excerpt":{"rendered":"

Delph Company uses a job-order costing system and has two manufacturing departments\u2014Molding and Fabrication. The company provided the following estimates at the beginning of the year: \u00a0 Molding Fabrication Total Machine-hours 28,000 38,000 66,000 Fixed manufacturing overhead costs $ 780,000 $ 300,000 $ 1,080,000 Variable manufacturing overhead cost per machine-hour $ 6.00 $ 6.00   […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61,6820,6822,6821],"tags":[5676,5686,5780,5294,5674,5677,5678,6403,4639],"class_list":["post-23489","post","type-post","status-publish","format-standard","hentry","category-assignment-help","category-course-hero","category-free-essay-sample","category-write-my-paper","tag-1500-words-assessment-task","tag-ace-homework-tutors","tag-assignment-homework-help-answers","tag-bishops-writing-bureau","tag-create-a-2-4-page-resource","tag-create-powerpoint-include-harvard-referencing","tag-i-need-completed-essay-in-300-400-words","tag-write-a-3-5pg-paper","tag-write-a-page-assignment"],"_links":{"self":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/posts\/23489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/comments?post=23489"}],"version-history":[{"count":0,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/posts\/23489\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/media?parent=23489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/categories?post=23489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colapapers.com\/us\/wp-json\/wp\/v2\/tags?post=23489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}