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(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: Part 1 of 2 Molding Fabrication Total Machine-hours 32,000 42,000 74,000 Fixed manufacturing overhead costs $710,000 $ 290,000 $1,000,000 Variable manufacturing overhead cost per machine-hour $ 5.20 $ 5.20 points eBook 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: Print Job D-70: Molding Fabrication Total Direct materials $374,000 $ 323,000 $697,000 cost Direct cost $210,000 $ 130,000 $340,000 8,000 32,000 hours Reference Machine- 24,000 Job C-200: Molding Fabrication total Direct materials $250,000 $ 300,000 $550,000 cost Direct labor cost cost $100,000 $ 250,000 $350,000 V . Machine- 8,000 34,000 42,000 hours Delph had no underapplied or overapplied manufacturing overhead during the year. 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. c. If Delph establishes bid prices that are 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? 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 Required Required Required 1A 1B 1C 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places.) Show less Total Manufacturing Cost Job D-70 Job C- 200 (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: Part 1 of 2 10 points Molding Fabrication Total Machine-hours 32,000 42,000 74,000 Fixed manufacturing overhead costs $710,000 $ 290,000 $1,000,000 Variable manufacturing overhead cost per machine-hour $ 5.20 $ 5.20 eBook During the year, the company had no beginning or ending inventories and it started, completed, and sol only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs: Print Job D-70: Molding Fabrication Total Direct materials $374,000 $ 323,000 $697,000 cost Direct +$210,000 $ 130,000 $340,000 labor cost Machine- 24,000 8,000 32,000 hours Reference Job C-200: Molding Fabrication Total Direct materials $250,000 $300,000 $550,000 cost Direct $100,000 $ 250,000 $350,000 labor cost ** Machine- 8,000 34,000 42,000 hours Delph had no underapplied or overapplied manufacturing overhead during the year. 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. c. If Delph establishes bid prices that are 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? 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 Required Required Required 1A 1B 1C 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. If Delph establishes bid prices that are 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places.) Show less Bid price Job D-70 Job C-200
