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I need help with the two problems that are wrong. Thank you. Required Information The following information applies to the questions displayed below Delph Company
I need help with the two problems that are wrong. Thank you.
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 26,000 36,000 $800,000 $ 210,000 Total 62,000 $1,010,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour $ 5.80 $ 5.80 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: Molding Fabrication Total 371.000 $ 322,000 $693,080 Job D-70: Direct materials cost Direct labor cost Machine-hours $200,000 $ 170,000 $370,000 20,000 6,000 26,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $299,000 $240,000 $530,000 $150,000 $ 270,000 $420,000 6,000 30,000 36,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal place Pre determined overhead rates 38.57 per MH Molding Department Fabrication Department 11.63 per MHStep by Step Solution
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