Question
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour. Molding 21,000 $ 800,000 $ 5.00 Fabrication 31,000 $260,000 $ 1.50 Total 52,000
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour. Molding 21,000 $ 800,000 $ 5.00 Fabrication 31,000 $260,000 $ 1.50 Total 52,000 $ 1,060,000 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 5,000 Job C-200 Molding Direct materials cost $ 280,000 Direct labor cost $ 140,000 Fabrication $ 280,000 $ 240,000 Machine-hours 5,000 26,000 Total $690,000 $ 400,000 21,000 Total $560,000 $380,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 3-17 (Algo) Part 1 Required: 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. a. Compute the plantwide predetermined overhead rate. 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?
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