Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Ok Required information (The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing

image text in transcribedimage text in transcribed

3. Ok Required information (The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing departments-Moding and Fabrication The company provided the following estimates at the beginning of the year Machine-hours Fixed manufacturing vertest cost Variable manufacturing overhead cost per sachine-hour 22,000 $3.00 During the year, the company had no beginning or ending inventories and it started completed, and so only two- Job D-70 and Job C-200. It provided the following information related to those two jobs Direct materials cost D Direct labor cost Machine-hours Direct materials cost Direct labor cost Machine-hours $370,000 $220,000 13,000 5,000 Molding Fabrication $140,000 3,000 1240,000 Tetal 22,000 Total $520,000 $300,00 33,000 Delph had no underapplied or overappled 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 cf Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job 0-70 and Job C-2007 d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabe given below. Required 18 Assume Delph uses departmental predetermined overhead rates based on machine hours. Compute the desertmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Help &

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

15th edition

1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940

More Books

Students also viewed these Accounting questions

Question

Briefly describe computer-assisted approaches to production. LO.1

Answered: 1 week ago