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1 . Delph Company uses a job - order costing system and has two manufacturing departments Molding and Fabrication. The company provided the following estimates
Delph Company uses a joborder costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year: Molding Fabrication Total Machinehours Fixed manufacturing overhead cost $ $ $ Variable manufacturing overhead cost per machinehour $ $ During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D and Job C It provided the following information related to those two jobs: Job D Molding Fabrication Total Direct materials cost $ $ $ Direct labor cost $ $ $ Machinehours Job C Molding Fabrication Total Direct materials cost $ $ $ Direct labor cost $ $ $ Machinehours Delph had no underapplied or overapplied manufacturing overhead during the year. Assume Delph uses departmental predetermined overhead rates based on machinehours. a Compute the departmental predetermined overhead rates based on machine hours b Compute the total manufacturing cost assigned to Job D and Job C c If Delph establishes bid prices that are of total manufacturing cost, what bid prices would it have established for Job D and Job C d What is Delphs cost of goods sold for the year? Machinehours Fixed manufacturing overhead cost $ $ $ Variable manufacturing overhead cost per machinehour $ $ During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D and Job C It provided the following information related to those two jobs: Job D Molding Fabrication Total Direct materials cost $ $ total $ Direct labor cost $ $ total $ Machinehours total Job C Molding Fabrication Total Direct materials cost $ $ total $ Direct labor cost $ $ total $ Machinehours total Delph had no underapplied or overapplied manufacturing overhead during the year. Assume Delph chooses to combine its departmental rates from requirement into a plantwide predetermined overhead rate based on machinehours. a Compute the plantwide predetermined overhead rate. b Compute the total manufacturing cost assigned to Job D and Job C c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D and Job C d What is Delphs cost of goods sold for the year?
Delph Company uses a joborder costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:
Molding Fabrication Total
Machinehours
Fixed manufacturing overhead cost $ $ $
Variable manufacturing overhead cost per machinehour $ $
During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D and Job C It provided the following information related to those two jobs:
Job D Molding Fabrication Total
Direct materials cost $ $ $
Direct labor cost $ $ $
Machinehours
Job C Molding Fabrication Total
Direct materials cost $ $ $
Direct labor cost $ $ $
Machinehours
Delph had no underapplied or overapplied manufacturing overhead during the year. Assume Delph uses departmental predetermined overhead rates based on machinehours.
a Compute the departmental predetermined overhead rates based on machine hours
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing cost, what bid prices would it have established for Job D and Job C
d What is Delphs cost of goods sold for the year? Machinehours
Fixed manufacturing overhead cost $ $ $
Variable manufacturing overhead cost per machinehour $ $
During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D and Job C It provided the following information related to those two jobs:
Job D Molding Fabrication Total
Direct materials cost $ $ total $
Direct labor cost $ $ total $
Machinehours total
Job C Molding Fabrication Total
Direct materials cost $ $ total $
Direct labor cost $ $ total $
Machinehours total
Delph had no underapplied or overapplied manufacturing overhead during the year. Assume Delph chooses to combine its departmental rates from requirement into a plantwide predetermined overhead rate based on machinehours.
a Compute the plantwide predetermined overhead rate.
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D and Job C
d What is Delphs cost of goods sold for the year?
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