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 20,000 $ 700,000 $ 3.00 Fabrication 30,000 $ 210,000 $ 1.00 Total 50,000 $ 910,000 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 $375,000 $325,000 $ 700,000 $ 200,000 $ 160,000 $360,000 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $250,000 $ 550,000 $ 175,000 $225,000 $400,000 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates 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? Complete this question by entering your answers in the tabs below. Required 2B Required 2c Required 2A Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. Compute the plantwide predetermined overhead rate Predetermined overhead rate I per MH Prav Naxd 10 of 10 $ 910,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $ 700,000 $ 3.00 $ 210,000 $ 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 Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $375,000 $325,000 $ 700,000 $ 200,000 $ 160,000 $360,000 14,000 6.000 20,000 Job C 200: Direct materials cast Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $250,000 $ 550,000 $ 175,000 $225,000 $400,000 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. nces 2. Assume Delph chooses to combine its departmental rates 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-2007 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 20 Required 20 Required 20 Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Total manufacturing cost Job 0.70 Job C 200 Required 2A Required2C 18 of 10 Prev During the year, the company had no beginning or ending inventories and it started, completed, and sold only twojobs- 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 $375,000 $325,000 $700,000 $ 200,000 $ 160,000 $360,000 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Holding Fabrication Total $ 300,000 $250,000 $ 550,000 $ 175,000 $225,000 $400,000 6.000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2. Assume Delph chooses to combine its departmental rates 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-2007 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 20 Required 2c Required 20 Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. 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 Bid price Job D-70 Job C-200 Required 20 Required 2D >
