{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T09:35:20-04:00", "answer_date": "2024-06-28 09:35:20", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4284507", "url": "\/study-help\/questions\/2-delph-company-uses-a-joborder-costing-system-and-has-4284507", "question_creation_date_js": "2024-06-28T09:35:20-04:00", "question_creation_date": "Jun 28, 2024 09:35 AM", "meta_title": "[Solved] 2. Delph Company uses a job-order costing | SolutionInn", "meta_description": "Answer of - 2. Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The co | SolutionInn", "meta_keywords": "2,delph,company,job-order,costing,system,two,manufacturing,departments-molding,fabrication,provided,estimates", "question_title_h1": "2. 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", "question_title": "2. Delph Company uses a job-order costing system and has two manufacturing", "question_title_for_js_snippet": "2 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 Machine hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine hour Molding 21,000 $760,000 Fabrication 31,000 $220,000 Total 52,000 $980,000 $ 3 00 $ 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 Direct materials cost Direct labor cost Machine hours Job C 200 Direct materials cost Direct labor cost Machine hours Molding Fabrication Total $370,000 $320,000 $690,000 $200,000 $160,000 $360,000 15,000 6,000 21,000 Molding Fabrication Total $240,000 $280,000 $520,000 $120,000 $300,000 $420,000 6,000 25,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year Required 1 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 150 of total manufacturing cost, 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", "question_description": "

2. 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 21,000 $760,000 Fabrication 31,000 $220,000 Total 52,000 $980,000 $ 3.00 $ 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 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $370,000 $320,000 $690,000 $200,000 $160,000 $360,000 15,000 6,000 21,000 Molding Fabrication Total $240,000 $280,000 $520,000 $120,000 $300,000 $420,000 6,000 25,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. 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 150% of total manufacturing cost, 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\"image<\/p>", "transcribed_text": "", "related_book": { "title": "Core Macroeconomics", "isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435", "edition": "3rd edition", "authors": "Eric Chiang", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg", "uri": "\/textbooks\/core-macroeconomics-3rd-edition-648", "see_more_uri": "" }, "free_related_book": { "isbn": "047138996X", "uri": "\/textbooks\/statements-of-financial-accounting-concepts-accounting-standards-as-of-june-1-2000-2000th-2001st-edition-978-0471389965-308255", "name": "Statements Of Financial Accounting Concepts Accounting Standards As Of June 1 2000", "edition": "2000th\/2001st Edition" }, "question_posted": "2024-06-28 09:35:20", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/spartan-corporation-projects-the-dollar-value-of-the-companys-cost", "description": "Spartan Corporation projects the dollar value of the companys cost of goods sold to be $160,000 in June, $169,000 in July, and $154,000 in August. 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