Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Molding Department POHR -27.92 Fabrication Department POHR - 11.79 ^^^^^ this is answer to part A, I need answers with explanations for b,c,d Check Delph
Molding Department POHR -27.92
Fabrication Department POHR - 11.79
^^^^^ this is answer to part A, I need answers with explanations for b,c,d
Check Delph Company uses a job-order costing system and has two manutacturing departments-Molding and Fabrication. Ihe company provided the following estimates at the beginning of the year: Molding Fabrication Total 33,000 $740,000 $ 270,000 $1,010,00e Machine-hours 43,000 76,000 Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 5.50 $ 5.50 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 Fabrication Total Job D-70 Direct materials $372,00e 327,000 $699,000 cost Direct labor cost $25e,000 $ 179,000 $420,000 Machine-hours 25,000 8,000 33,000 Job C-200: Molding Fabrication Total Direct materials $248,00e $ 270,000 $510,000 cost Direct labor cost $140,000 $ 260,000 $400,000 8,000 Machine-hours 35,000 43,000 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 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 yearStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started