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1a. Compute the plantwide predetermined overhead rate. 1b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. 1c. If Delph establishes bid
1a. Compute the plantwide predetermined overhead rate.
1b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.
1c. If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?
1d. What is Delphs cost of goods sold for the year?
Please type out step-by-step instructions. I have worked on this problem and keep getting the wrong answers. Thank you
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: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication Total 22,000 34,000 56,000 $ 780,000 $ 220,000 $1,000,000 $ 3.00 $ 1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only twojobs- Job D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 320,000 $ 690,000 $ 200,000 $ 180,000 $ 380,000 14,000 8,000 22,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 220,000 $ 500,000 $ 160,000 $ 260,000 $ 420,000 8,000 26,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the yearStep by Step Solution
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