Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer required A and B for this assignment pictured! Neek 4 Chapter 2 Exercises Seved Help 2 10 points Delph Company uses a job-order

please answer required A and B for this assignment pictured! image text in transcribed
image text in transcribed
image text in transcribed
Neek 4 Chapter 2 Exercises Seved Help 2 10 points 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 Tabrication Total Machine-hours 22,000 31,000 53,000 Pixed manufacturing overhead cost $ 780,000 $ 220,000 $ 1,000,000 Variable manufacturing overhead cont per nachine-hour $ 4.00 $ 2.00 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 Book Molding 3 370,000 $ 240,000 16.000 Yabrication $ 320,000 $ 240,000 6,000 Total 5 690,000 5 380,000 22,000 Print Job D-20 Direct materials cost Direct labor cost Machine-hours Job C-100 Direct materials cost Direct labor cost Machine-hours References Molding $ 200,000 $ 160,000 6.000 Tabrication $ 200,000 $ 260,000 25,000 Total $ 400,000 $ 420,000 11,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. 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. Deiph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it hove established for Job D-70 and Job C-2007 d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Complete the question by entering your answers in the tabs given below. Required 1A Required 10 Required: Required 1D Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Predetermined overhead rates Molding Department Fabrication Department per MH por MH Required 10 > Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 1C Required 1D Assume Delph uses departmental predetermined overhead rates based on machine-hours, Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Total manufacturing Job D-70 Job C 200

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_2

Step: 3

blur-text-image_3

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

Exploring Public Relations Global Strategic Communication

Authors: Ralph Tench, Liz Yeomans

4th Edition

1292112182, 9781292112183

More Books

Students also viewed these Accounting questions