hapter 2 Homework Assige Check my work 17 Part 1 of 2 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: 5.55 points skipped Total 58,0 $ 1.000,0 eBook Holding Fabrication Machine-hours 23,000 35,000 Pixed manufacturing overhead cout 5 720,000 $ 280,000 Variable manufacturing overhead cost per machine-hour $ 5.00 $ 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 Tabrication Total Direct materiale cost $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 240,000 $180,000 $420,000 Machine-hours 15.000 8.000 23,000 Job O-200 olding Fabrication Total Direct materials cost $ 220,000 $ 200,000 $ 420,000 Direct labor cost $100,000 $ 240,000 $340,000 Machine-hours 3.000 27,000 35,000 Print oldias References Delph had no underapplied or overapplied manufacturing overhead during the year Required: 1. 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 cost 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 the question by entering your answers in the tabs given below. Recured 1 Required 18 Required 1C Recured 10 Assume Deiph uses departmental predetermined overhead rates based on machine-hours. Compute the total manufactur cost assigned to Job D-70 and Job C-200 (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount) Total manufacturing cost Bob D-70 Job C200 Part 1 of 2 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 5.55 points Swipped Total 58.0 $1,000,0 Molding Fabrication Machine-hours 23,000 35,000 Fixed manufacturing overhead cost $. 720,000 Variable manufacturing overhead cost per machine-hour $ 280,000 $ 5.00 5 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 eBook Print Job D-70 Direct materials cost Direct labor cost Machine-hours o Molding $ 370,000 $ 240,000 15.000 Fabrication $ 320,000 $ 180,000 8,000 Total $ 690,000 $ 420,000 23,000 References Job C-200 Molding Fabrication Total Direct materials cost $ 220,000 $ 200,000 $ 420,000 Direct labor cost $ 100,000 $ 240,000 $ 340,000 Machine-hours 8.000 27,000 35,000 Delph had no underapplied or overapplied manufacturing overhead during the year, Required: 1. 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 cost, what bid prices would it have 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 18 Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours, 1 Delph establishes bid prices are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-2007 (Round you intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount Bid price Job D-70 Job C-200 Required 18 Required 10 >
