Plantwide and Departmental Overhead Rates; Job Costs

Exercise 3-17 Plantwide and Departmental Overhead Rates; Job Costs

Delph Company uses a job- order costing system and has two manufacturing departments- Molding and Fabrication. The company provided the 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- Machine hour $3.00 $3.00

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 these two jobs:

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