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2. Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate.
2. Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 2B Required 2C Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine- hours. Compute the plantwide predetermined overhead rate Predetermined overhead rate per MH Required information [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Molding Fabrication Total Machine-hours 20,090 30,000 50,900 Fixed manufacturing overhead cost $ 700,800 $ 210,806 $ 910,060 Variable manufacturing overhead cost per machine-hour $ 3.06 $ 1.00 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 those two jobs: Job D-70: Molding Fabrication Total Direct materials cost $ 375, 080 $ 325, 000 $ 700, 090 Direct labor cost $ 200, 080 $ 160,066 $ 360,060 Machine-hours 14,080 6,060 20,060 Job C-200: Molding Fabrication Total Direct materials cost $ 300,090 $ 250, 000 $ 550,000 Direct labor cost $ 175,090 $ 225,060 $ 400,060 ine-hours 5,090 24,000 30,080 Delph had no underapplied or overapplied manufacturing overhead during the year. Required 2A Required 2B Required 2C Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine- hours. Compute the plantwide predetermined overhead rate Predetermined overhead rate per MH Required 2A Required 2B Required 2C Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine- hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Total manufacturing cost Job D-70 Job C-200 Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine- hours. 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? Bid price Job D-70 Job C-200 Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine- hours. What is Delph's cost of goods sold for the year? Cost of goods sold
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