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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 22,800 $ 780, eee $ 4.ee $ Fabrication 34,eee $ 260,000 $ 2.80 Total 56,eee $ 1,040, eee 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 $ 370,000 $ 240,000 16,800 Fabrication $ 320,000 $ 160,000 6,888 Total $ 690,cee $ 4ee,eee 22,080 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 200,eee $ 140, eee 6,000 Fabrication $ 280,000 $ 280,00 28,000 Total $ 480, eee $ 420, eee 34, eee 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. Required 1A Required 1B Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Predetermined overhead rates Molding Department per MH Fabrication Department per MH 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. Molding Fabrication Total Machine-hours 22 , 34,000 56,eee Fixed manufacturing overhead cost $ 780,000 $ 268,000 $ 1,640,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ 2.80 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 $ 370,000 $ 240, eee 16,eee Fabrication $ 320,000 $ 160,000 6,080 Total $ 690,080 $ 480,eee 22, cee Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 200,00 $ 140,000 6,800 Fabrication $ 280,000 $ 280, eee 28,290 Total $ 480, eee $ 420, eee 34, eee 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-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 1A Required 18 Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the total manufacturing 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 Job D-70 Job C-200 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. Molding Fabrication Total Machine-hours 22,000 34, eee 56,eee Fixed manufacturing overhead cost $ 780,000 $ 268, eee $ 1,040,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ 2.80 During the year, the company had no beginning or ending Inventorles 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 $ 370,000 $ 240, eee 16,800 Fabrication $ 320,000 $ 160,000 6,880 Total $ 690, eee $ 4ee, e80 22,eee Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 200, eee $ 140,000 6,000 Fabrication $ 280, eee $ 280, eee 28,eee Total $ 480, cee $ 420,eee 34, eee 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. Required 1A Required 18 Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours. 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? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Bid price Job D-70 Job C-200 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 22,888 $ 780,000 $ 4.00 Fabrication 34,80 $ 260,00 $ 2.ee Total 56,080 $ 1,640,000 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 $ 370,000 $ 240,000 16,000 Fabrication $ 320,000 $ 160,000 6,000 Total $ 690,eee $ 4ee, eee 22,eee Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 200,eee $ 140,we 6,000 Fabrication $ 280,000 $ 280,00 28,000 Total $ 480,000 $ 420,00 34, eee 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. Required 1A Required 1B Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount.) Cost of goods sold
