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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
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 Delphs cost of goods sold for the year?
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding Fabrication 20,000 31,000 $740,000 $240,000 $ 4.00 $ 1.50 Total 51,000 $980,000 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 Molding Fabrication Total $370,000 $ 320,000 $690,000 $200,000 $ 140,000 $340,000 17,000 3,000 20,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $240,000 $ 220,000 $460,000 $180,000 $ 260,000 $440,000 3,000 28,000 31,000Step by Step Solution
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