Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help Save 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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Help Save 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 costs Variable manufacturing overhead cost per machine-hour 24,000 34,000 730,000 300,000 $1,030,000 58,000 $ 5.40 5.40 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: Molding Fabrication Total Direct materials cost $ 370,000 328,000 698,000 200,000 180,000 380,000 6,000 24,000 Direct labor cost Machine-hours 18,000 ldi Fabricatio Direct materials cost 220,000 250,000 $ 470,000 s 110,000 240,000 350,000 28,000 34,000 Direct labor cost 6,000 Delph had no underapplied or overapplied manufacturing overhead during the year Required: 1. Ass a. Compute the plantwide predeter b. Compute the total manufactur C. If Delph establishes bid prices that are 120% of total manufacturing cost, what bid prices would it have established forJob Job C-200? d. What is Delph's cost of goods sold for the year? ume Delph uses a plantwide predetermined overhead rate based on machine-hours d overhead rate ing cost assigned to Job D-70 and Job C-200 O and Complete the question by entering your answers in the tabs given below Machine-hours 6,000 28,000 34,00o 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 b Job C-200? d. What is Delph's cost of goods sold for the year? id prices that are 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Complete the question by entering your answers in the tabs given below 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.) per MH He Machine-hours 6,000 28,000 34,00o 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 tha Job C-200? d. What is Delph's cost of goods sold for the year? t are 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 1C Required 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places.) ute the total ring cost Total Marn ring Cost Job D-70 Job C-200 Required 1A Help Machine-hours 6,000 28,000 34,000 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 120% 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. If Delph are 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-2007 (Round your intermediate calculations to 2 decimal places.) establishes bid prices that Bid price Job D-70 Job C-200 6,000 28,000 34,000 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 if Delph establishes bid prices that are 120% 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. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater

12th edition

978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233

More Books

Students also viewed these Accounting questions

Question

3-34. An email message turning down a job applicant

Answered: 1 week ago