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helpp Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. T company provided the following estimates at the beginning of
helpp
Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. T 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. 2 Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate b n machine-hours. 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 150% of total manufacturing costs, what bid prices would it have established for Job D-7 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 2A Required 2B Required 20 equired 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH 0 Direct labor cose Machine-hours Yoon 2.000 39,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwic 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. af Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices wo Job ( 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. Required 2A Required 2B Required 2c Required 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide prede based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200 Intermediate calculations to 2 decimal places.) Total manufacturing cost Job D-70 Job C-200 During the year, the company had no beginning or ending inventories and it Job D-70 and Job C-200. It provided the following information related to tho Job D-70 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $370,000 $ 320,000 $699,000 $ 200,000 $ 160,000 $360,000 14,000 7,000 21,900 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 28,900 35,000 Delph had no underapplied or overapplied manufacturing overhead during the 2. Assume Delph chooses to combine its departmental rates from requirement 1 into a 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 costs, what bid p 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 2A Required 2B Required 20 Required 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwi based on machine-hours. If Delph establishes bid prices that are 150% of total manufacturi have established for Job D-70 and Job C-2002 (Round your intermediate calculations to 2 de Bid price Job D-70 Job C-200 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine hour $720,000 B 4.00 $240 $ During the year the company had no beginning or ending inventories and it started. comp 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 FabricationTotal $ 370,000 $320,000 $698,00 $ 200,000 $ 160,000 $360,000 141 000 1.000 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 1.000 28,000 35,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide 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 costs, what bid prices would 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. Required 2A Required 2B Required 20 Required 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predeter based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate cal places.) Cost of goods soldStep by Step Solution
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