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-houn Molding Fabrication Total 22,900 34,000 56,000 $ 780,000 $ 240,000 $1,220,000 4.00 $ 1.00 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: Total Job D-70 Direct materials cost Direct labor cost Machine-hours Molding Fabrication $ 370,000 $ 320,000 $ 690,000 $ 220,000 $ 160,000 $ 380,000 16,000 6,000 22,000 Job C-2003 Direct materials cost Direct labor cost Machine-hours Moldinit Fabrication Total $ 260,000 $ 280,000 $540,000 $ 140,000 $ 260,000 $400,000 6,000 28,000 34,000 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 150% of total manufacturing cost, what bld 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 IA Required 18 Required 10 Required 10 Assume Delph 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 por MH 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 150% of total manufacturing cost, what bid prices would it have established for Job D-70 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 16 Required 10 Required 10 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.) Total Manufacturing Cost Job D.70 Job C200 Required: 1. Assume Delph uses a plantwide predetermined overhead tate 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. cil 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 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 in Required 10 Aquired IC Required 10 Assume Delphson a plantwide predetermined overhead rate based on machine hours. Il 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 2007 (Round your Intermediate calculations to 2 decimal places.) Bid price Job 0.70 Job C 200 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. cil 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 A Required 16 Required 10 Required 10 Assume Delph uses a plantwide predetermined overhead rate based on machine hours. What is Delphi's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places) Cost of goods sold
