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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
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 &
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