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Machine-hours Fixed manufacturing overhead costs. Variable manufacturing overhead cost per machine-hour Molding Fabrication 24,000 33,000 Total 57,000 $1,000,000 1.00 $760,000 $ 240,000 5.00 $
Machine-hours Fixed manufacturing overhead costs. Variable manufacturing overhead cost per machine-hour Molding Fabrication 24,000 33,000 Total 57,000 $1,000,000 1.00 $760,000 $ 240,000 5.00 $ 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-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $370,000 $320,000 $690,000 $ 240,000 13,000 $160,000 $400,000 11,000 24,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication aptal $220,000 $200,000 $420,000 $120,000 11,000 $220,000 $340,000 22,000 33,000 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 Job C-2007 d. What is Delph's cost of goods sold for the year?
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