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Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours 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 $ 370,000 $ 220,000 13,000 Molding 21,000 $ 780,000 $ 4.00 Fabrication $ 320,000 $ 160,000 8,000 Molding $ 240,000 $ 100,000 8,000 Total $, 690,000 $ 380,000 21,000 Fal ication $ 260,000 Total $ 500,000 $ 220,000 22,000 $ 320,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication 30,000 $ 280,000 $ 1.00 Total 51,000 $ 1,060,000 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?
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