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2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned
2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.
a. Compute the departmental predetermined overhead rates.
b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.
c. If Delph establishes bid prices that are 140% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200?
d. What is Delphs cost of goods sold for the year?
2 ! Required information Part 2 of 2 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.] points 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 23,000 $ 740, Total Machine-hours 33,000 230 56,000 $970,000 eBook Variable manufacturing overhead cost per machine-hour 5.80 Print 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: References Job D-70: Direct materials cost Molding Fabrication 379,000 $326,000 $ 705,000 $170 7,000 Total cost Machine-hours 23,000 16,000 Job C-200: Molding Fabrication Total cost 120:000 S 280.000 400:000 Machine-hours 7,000 26,000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the yearStep by Step Solution
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