JIM e ! THIS SHOWS What is correct or incorrect for the work you have completed so far. It does not indicate comg 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 costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 20,000 30,000 $ 700,000 $ 210,000 $ 3.00 $ 1.00 Total 50,000 $ 910,000 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 $375,000 $325,000 $ 700,000 $ 200,000 $ 160,00 $ 360,000 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $250,000 $ 550,000 $ 175,000 $225,000 $400,000 6,000 24,000 30,000 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 and Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate comply Delph had no underapplied or overapplied manufacturing overhead during the year. 2 of 2 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 and Job C-200? d. What is Delph's cost of goods sold for the year? Answer is complete but not entirely correct. Complete the question by entering your answers Required 2A Required 28 Required 2C Required 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Total manufacturing Job D-70 Job C-200 $ $ 1,460,000 1,550,000 Required 20 > w Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compler 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 and Job C-200? d. What is Delph's cost of goods sold for the year? Answer is complete but not entirely correct. Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 2D If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? Job D-70 Job C-200 Bid price $ 2,190,000 $ 2,325,000
