Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part 2 of 2 2.77 points Sk The following information applies to the questions displayed below! Delph Company uses a job-order costing system and has

image text in transcribed
image text in transcribed
Part 2 of 2 2.77 points Sk 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. machine Holding To Led manufacturing overhead 23,000 32,10 35,000 Variable mamafacturing overhead cost per machine-hour $70,000 260.000 11.000.000 $1.00 12.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only twojobs Job 0.70 and Job C-200. It provided the following information related to those two jos: ob D-70 Yatation Yol Direct materiale con 170,000 120,000 + 699.000 Direct labor cont 0.720.000 $ 160,000 36.000 Machinewhours 14.000 ,000 23,00 Job.c-200 Molina Tatian Total Direct materials cont $ 200,000 B200,000 360,000 Direct labor cost $140.000 $300,000 $420,000 Machineboura 33,000 32,050 Dolph had no underapplied or overapplied manufacturing overhoed during the year 9.000 2. Assume Dolph chooses to combine its departmental rates from requirement into 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 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 co 2. Assume Deiph chooses to combine its departmental rates from requirement Tinto a plontwide predetermined overhead rate based on machine-hours a Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200 cf 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? Answer is not complete Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 2C Required 20 Assume Delph chooses to combine its departmental rates from requirement 1 Into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Fegur 2 Required 28 > Part 2 of 2 2.77 points Sk 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. machine Holding To Led manufacturing overhead 23,000 32,10 35,000 Variable mamafacturing overhead cost per machine-hour $70,000 260.000 11.000.000 $1.00 12.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only twojobs Job 0.70 and Job C-200. It provided the following information related to those two jos: ob D-70 Yatation Yol Direct materiale con 170,000 120,000 + 699.000 Direct labor cont 0.720.000 $ 160,000 36.000 Machinewhours 14.000 ,000 23,00 Job.c-200 Molina Tatian Total Direct materials cont $ 200,000 B200,000 360,000 Direct labor cost $140.000 $300,000 $420,000 Machineboura 33,000 32,050 Dolph had no underapplied or overapplied manufacturing overhoed during the year 9.000 2. Assume Dolph chooses to combine its departmental rates from requirement into 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 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 co 2. Assume Deiph chooses to combine its departmental rates from requirement Tinto a plontwide predetermined overhead rate based on machine-hours a Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200 cf 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? Answer is not complete Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 2C Required 20 Assume Delph chooses to combine its departmental rates from requirement 1 Into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Fegur 2 Required 28 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Susan S. Hamlen

4th Edition

1618532618, 9781618532619

More Books

Students also viewed these Accounting questions

Question

Define self-esteem and discuss its impact on your life.

Answered: 1 week ago