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Check my worl Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the
Check my worl 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 Molding Fabrication Total 24,080 32,000 56,080 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $720, 980 $ 260,000 $980, $ 4.00 1.50 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: JOD 0-70 Molding Fabrication Total Direct materials cost $370,000 $320,000 S650,000 Direct labor cost $220, Bea $ 140,000 $360, 980 Machine-hours 15,000 9,900 24,900 Job C-200 Direct materials cast Direct labor cost Machine hours Molding Fabrication Total $240, 630 S 260,098 $500,000 $180,00 $ 280,000 $450,000 9,080 23,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year, 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-2002 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 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 per M94 per Moldng Department Fabrication Department 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. 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-2002 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 2A Required 28 Required 2c Required 20 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 places.) Predetermined overhead race per MH Required 28 )
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