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-hour Molding 21,080 $ 720,000 $ 4.00 Fabrication 34,000 $ 260,000 $ 1.00 Total 55,800 $ 980,000 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: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 320,000 $ 690,000 $ 220,000 $ 120,000 $340,000 15,000 6,000 21,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 260,000 $ 280,000 $540,000 $ 160,000 $240,000 $400,000 6,000 28,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2. Assume Delph uses departmental predetermined overhead rates based on machine-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 150% of total manufacturing costs, what bid prices would it have established for Job C-2002 d. What is Delph's cost of goods sold for the year? -7 Complete the question by entering your answers in the tabs given below. Reg 2A Req 2B Req 2c Reg 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH per MH Reg 23 > 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 150% of total manufacturing costs, what bid prices would it have established for Job C-2002 d. What is Delph's cost of goods sold for the year? 11 Complete the question by entering your answers in the tabs given below. Req 2A Reg 2B Reg 20 Req 2D 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-2007 (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Bid price Job D-70 Job C-200 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 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. Req 2A Req 2B Reg 2C Reg 28 What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount.) Cost of goods sold
