{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T02:03:55-04:00", "answer_date": "2024-05-29 02:03:55", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1870137", "url": "\/study-help\/questions\/2-of-2-ipped-book-print-ferences-ac-required-information-1870137", "question_creation_date_js": "2024-05-29T02:03:55-04:00", "question_creation_date": "May 29, 2024 02:03 AM", "meta_title": "[Solved] 2 of 2 ipped Book Print ferences: Ac Requ | SolutionInn", "meta_description": "Answer of - 2 of 2 ipped Book Print ferences: Ac Required information [The following information applies to the questions displaye | SolutionInn", "meta_keywords": "2,ipped,book,print,ferences,ac,required,information,applies,questions,displayed,below", "question_title_h1": " 2 of 2 ipped Book Print ferences: Ac Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order", "question_title": " 2 of 2 ipped Book Print ferences: Ac Required information [The", "question_title_for_js_snippet": "2 of 2 ipped Book Print ferences Ac 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 Machine hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine hour Holding 23,000 $ 720,000 $ 4 00 Fabrication 35,000 $ 280,000 $ 1 00 Total 58,000 $ 1,000,000 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 $370,000 Fabrication $ 320,000 $220,000 15,000 Molding $260,000 $ 140,000 8,000 Fabrication $260,000 $ 100,000 8,000 $260,000 27,000 Total $690,000 $ 360,000 23,000 Total $520,000 $360,000 35,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2 Assume Delph chooses to combine its departmental rates from requirement 1 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 the question by entering your answers in the tabs given below Densi Mout", "question_description": "\"image", "transcribed_text": "2 of 2 ipped Book Print ferences: Ac 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Holding 23,000 $ 720,000 $ 4.00 Fabrication 35,000 $ 280,000 $ 1.00 Total 58,000 $ 1,000,000 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 $370,000 Fabrication $ 320,000 $220,000 15,000 Molding $260,000 $ 140,000 8,000 Fabrication $260,000 $ 100,000 8,000 $260,000 27,000 Total $690,000 $ 360,000. 23,000 Total $520,000 $360,000 35,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates from requirement 1 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 the question by entering your answers in the tabs given below. Densi Mout", "related_book": { "title": "Cost Accounting Foundations and Evolutions", "isbn": "9781439044612, 1439044619, 978-1111626822", "edition": "8th Edition", "authors": "Michael R. Kinney, Cecily A. Raiborn", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/146.jpg", "uri": "\/textbooks\/cost-accounting-foundations-and-evolutions-8th-edition-146", "see_more_uri": "" }, "free_related_book": { "isbn": "9264323198", "uri": "\/textbooks\/oecd-economic-surveys-south-africa-july-2020-1st-edition-978-9264323193-242299", "name": "Oecd Economic Surveys South Africa July 2020", "edition": "1st Edition" }, "question_posted": "2024-05-29 02:03:55", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/meg-bishop-vice-president-of-supply-chain-at-the-lilly", "description": "Meg Bishop, vice president of supply chain at the Lilly Snack Company (see Problem 5-19) has been able to secure shipping from the proposed plant in Brevard to its plants in Wise and Cleveland for $6...", "stars": 3.5 }, { "url": "\/think-of-a-group-to-which-you-belong-or-have", "description": "Think of a group to which you belong (or have belonged). 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