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C 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
C 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 costs Variable manufacturing overhead cost per machine-hour Molding 21,00 $ 700,000 $ Fabrication 34,00 $ 280,000 $ 1.50 Total 55,eee $ 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: Molding Fabrication Direct materials cost $ 370,000 $320,000 S 690,000 Direct labor cost $ 220,000 $ 140,000 $360,000 Machine-hours 15,000 6, eee 21,000 Total Job C-200: Direct materials cost Direct labor cost Holding Fabrication Total $ 220,000 $240,000 $460,000 $ 160,000 $ 280,000 $ 440,000 Prey 5 6 of 6 Next > o BI a 99 Check my work Delph had no underapplied or overapplied manutacturing overhead cunng the year 2 Required: 1. Assume Delph uses 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 cIf Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D70 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 18 Required 10 Required 10 Assume Detph uses a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Required 13 > a 199 o g to search
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