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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 24,000 31,000 55, eee Fixed manufacturing overhead cost $ 800,000 $ 300,000 $ 1,100,00 Variable manufacturing overhead cost per machine hour $ 3.00 $ 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,eee $ 320,000 $ 690,eee Direct labor cost $ 240,000 $ 160,000 $ 400,000 Machine-hours 16,000 8,000 24,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 260,000 $ 160,000 Fabrication $ 220, eee $ 220,000 23,000 Total $ 480,000 $ 380,000 31,000 8,000 Delph had no underapplied or overapplied manufacturing overhead during the year, Required: 1. Assume Delph uses departmental predetermined overhead rates based on machine-holas a Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D 70 and Job C-200 ci 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. Ramired 1D
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