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NEED ANSWERS TO THE FOLLOWING 1A: what is the predetermined overhead rate? 1B: total manufacturing cost for Job D-70 and Job C-200 1C: bid price
NEED ANSWERS TO THE FOLLOWING
Required information [The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing departments --Molding and Fabrication. The company provided the following estimates at the beginning of the year Molding Fabrication Total Machine-hours 22,000 32,000 Fixed manufacturing overhead costs 54,000 $ 780,000 $260,000 $1,040,000 Variable manufacturing overhead cost per nachine-hour $5.00 $ 1.50 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: Job D-70: Molding Fabrication Total Direct materials cost $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 220,000 $ 160,000 $380,000 Machine-hours 14,000 8,000 22,000 Job C-200: Molding Fabrication Total Direct materials cost $280,000 $ 220,000 $500,000 Direct labor cost $ 100,000 $ 280,000 $380,000 Machine-hours 8,000 24,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year, Required: 1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate, b. Compute the total manufacturing cost assigned to Job D70 and Job C-2000 c. Il Delph establishes bid prices that are 150% of total manufacturing cost, what ble 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? Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 10 Required 10 1A: what is the predetermined overhead rate?
1B: total manufacturing cost for Job D-70 and Job C-200
1C: bid price for Job D-70 and Job C-200
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