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Delph company uses a job-order coating system and has two manufacturing departments-molding and fabrication. the company provided the following estimates at the beginning of the
Delph company uses a job-order coating system and has two manufacturing departments-molding and fabrication. the company provided the following estimates at the beginning of the year 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 cost Variable manufacturing overhead cost per machine-hour Molding Fabrication Total 20,000 31,800 51,000 $780,000 $ 220,000 $1,800,000 $ 5.00 $ 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: Job D-70 Molding Fabrication Total Direct materials cost $370,000 $ 320,000 $690,000 Direct labor cost $240,000 $ 180,000 $420,000 Machine-hours 15,888 5.000 20,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $300,000 $ 300,000 $600,000 $120,000 $ 220,000 $340,000 5,000 26,800 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 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-200? d. What is Delph's cost of goods sold for the year
Delph company uses a job-order coating system and has two manufacturing departments-molding and fabrication. the company provided the following estimates at the beginning of the year
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