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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
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: Molding Fabrication Total Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per 30,809 40,800 78,000 $ 750,800 258,800 $1,008,800 machine-hour $5.18 5.1e 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: D-70: Molding Fabrication Total $ 371,000 324,000 695,eee Direct materials cost Direct labor cost Machine-hours 23,800 7,800 38,880 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 260,800 290,000 558,800 $ 150,800 270,000 428,800 7,800 33,800 48,800 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 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 the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C Required 1D 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.) rate per MH ed 1A Required 1B>
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