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Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 24,000 34,000 $ 730,000 $ 240,000 $ 5.50 $ 5.50 Total 58,000
Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 24,000 34,000 $ 730,000 $ 240,000 $ 5.50 $ 5.50 Total 58,000 $ 970,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob 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 $ 371,000 $ 323,000 $ 694,000 $ 230,000 $ 120,000 $ 350,000 18,000 6,000 24,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 230,000 $ 230,000 $ 460,000 $ 150,000 $ 260,000 $ 410,000 6,000 28,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: . Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate. . Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 140% of total manufacturing cost, what bid prices would it have established for Job D- F0 and Job C-200? 2. What is Delph's cost of goods sold for 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 140% 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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