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Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 20,000 $780,000 $5.00 38,000 50,000 $1,028,000 $ 240,000 $2.00 During the year, the
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 20,000 $780,000 $5.00 38,000 50,000 $1,028,000 $ 240,000 $2.00 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-78 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $220,000 15,000 Fabrication $ 320,000 $ 160,000 5,000 Job C-200 Holding Fabrication Direct materials cost $260,000 Direct labor cost Machine-hours $180,000 5,000 $220,000 $ 240,000 25,000 Total $690,000 $380,000 20,000 Check my Total $ 480,000 $420,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year Required: 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 cost, what bid prices would it have established for Job D-70 and Job C-2002 d. What is Delph's cost of goods sold for the year?
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