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help ! 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
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! 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 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding Fabrication 21,000 35,000 $720,000 $240,000 $ 4.00 $ 1.50 Total 56,000 $960,000 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 $ 200,000 $ 160,000 $360,000 14,000 7,000 21,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 220,000 $ 240,000 $460,000 $160,000 $ 280,000 $440,000 7,000 28,000 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 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. Compute the departmental predetermined overhead rates. . Compute the total manufacturing cost assigned to Job D-70 and Job C- If Delph establishes bid prices that are 150% of total manufacturing cost, b C-200? What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given be Required 1A Required 1B Required 10 Required 1D Assume Delph uses departmental predetermined overhead rates based on mac predetermined overhead rates. (Round the final answers to 2 decimal places.) Predetermined overhead rates $ Molding Department Fabrication Department 40.20 per MH 7.85 per MH $ Recet Required 1B Required: 1. Assume Delph uses departmental predetermined overhead rates based a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-2 c. If Delph establishes bid prices that are 150% of total manufacturing cost, v 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 bel Required 1A Required 18 Required 10 Required 10 so Assume Delph uses departmental predetermined overhead rates based on mach cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations answers to nearest whole dollar amount.) Total manufacturing cost Job D-70 Job C-200Step by Step Solution
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