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Can you please provide complete steps/work? [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two
Can you please provide complete steps/work?
[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 2 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 Skipped During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs: eBook 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 + $100,000 $ 250,000 $350,000 Machine- 8,000 34,000 42,000 hours Delph had no underapplied or overapplied manufacturing overhead during the year. 2. 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 120% of total manufacturing costs, 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 2A 2B 2C 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates per MH per MH Molding Department Fabrication Department Required Required Required Required 2A 2B 2C 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Show less Total manufacturing cost Job D-70 Job C-200Step by Step Solution
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