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I need to particularly know the Predetermined overhead rates of both the molding department and the fabrication department. Thank you for your help. Machine-hours Fixed
I need to particularly know the Predetermined overhead rates of both the molding department and the fabrication department. Thank you for your help.
Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 23,000 $ 720,000 $ 4.00 Fabrication 32,000 $ 220,000 S 1.00 Total 55,000 $ 940,000 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: Molding Fabrication Total Direct materials cost $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 220,000 $ 160,000 $380,000 Machine-hours 13,000 10,000 23,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 200,000 $ 280,000 $ 480,000 $ 140,000 $ 260,000 $400,000 10,000 22,000 32,000 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. 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 it have established for Job D-70 an 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. Reg 2A Req 2B Reg 20 Req 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH per MHStep by Step Solution
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