a through d on part 1 and 2
2 Part 1 of 2 70 points Required information Exercise 2-15 (Algo) 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) 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 Machine-hours 21,000 32,000 53,000 Fixed manufacturing overhead coat $720,000 $ 240,000 $960,000 variable manufacturing overhead cost per machine-hour $ 3.00 1.00 Total Boo Print $ Mences 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 coat Machine-hours Molding Fabrication total $370,000 $ 320,000 $690,000 $220,000 $140,000 $360,000 16,000 5,000 21,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Yabrication total $260,000 $200,000 $540,000 $160,000 $ 240,000 $400,000 5,000 27,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Mc Exercise 2-15 (Algo) Part 1 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 2007 d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Required 1A Required 13 Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Predetermined overhead rates Molding Department Fabrication Department por MH per MH MGA Required 18 > 2012 Exercise 2-15 (Algo) Part 2 2. Assume Delph chooses to combine its departmental rates from requirement 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 ci Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Job C-2007 Required 2A Required 28 Required 2 Required 2D Assume Delph chooses to combine its departmental rates from requirement into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal place) Predefined vead role per MH Required 23 >
