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Parts a-d please! Show all work so I can understand the content! Delph Company uses a Job-order costing system and has two manufacturing departments-Molding and
Parts a-d please! Show all work so I can understand the content!
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-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 24,080 $ 729, eee $ 3.00 Fabrication 33,eee $ 280, eee $ 1.50 Total 57, eee $1,000,000 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, eee $320, eee $ 699,080 $ 200,000 $ 149, cee $ 340,000 13, eee 11,080 24,80 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 220,000 $260, $ 480,000 $ 140,00 $ 260,cee $ 480,000 11,eee 22,eee 33,eee Delph had no underapplied or overapplied manufacturing overhead during the year. Required (if you need a hint, see below): 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 D-70 and Job C-200. c. If Delph establishes bid prices that are 150% of total manufacturing cost (1.e., 50% above cost), 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
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