Homework chapter 2 Help Save Exit Submit Check my Required

Homework chapter 2 Help Save & Exit Submit Check my Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs (LO2-1, LO2-2 LO2-3, LO2-4) The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication The company provided the following estimates at the beginning of the year s 790,000 240,20 1,83,000 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: Prex 67013Next > 5 command option*

Solution

Plant wide overhead rate = Estimated Fixed overhead cost/Estimated Machine hour

= 1030000/58000

Plantwide overhead rate = 17.76 per machine hour