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please assist with this question At the beginning of the year, the company estimated that 53,000 machine-hours would be required for the period's estimated level
please assist with this question
At the beginning of the year, the company estimated that 53,000 machine-hours would be required for the period's estimated level of production. It also estimated $980,000 of fored manufocturing overheed cost for the coming period and variable manufacturing overhead of $3,00 per machine hour. Becouse Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gothered the following information to enable calculating departmental overheod rates: During the year, the company had no beginning or ending inventorles and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information telated to those two jobs: Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 3-17 (Algo) Part 2 Required: 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 0.70 and Job C-200. c. If Delph establishes bid prices that are 150% of total manufacturing 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 year Step by Step Solution
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