Question:-Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:

MoldingFabricationTotalMachine-hours20,00030,00050,000Fixed manufacturing overhead costs$770,000$250,000$1,020,000Variable manufacturing overhead cost per machine-hour$5.80$5.80

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs:

Job D-70:MoldingFabricationTotalDirect materials cost$377,000$326,000$703,000Direct labor cost$200,000$160,000$360,000Machine-hours15,0005,00020,000

Job C-200:MoldingFabricationTotalDirect materials cost$230,000$300,000$530,000Direct labor cost$120,000$230,000$350,000Machine-hours5,00025,00030,000

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 D-70 and Job C-200.

c. If Delph establishes bid prices that are 130% 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?

Question:-High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor-hours. At the beginning of the year, the company provided the following estimates:

DepartmentMoldingPaintingDirect labor-hours37,50051,700Machine-hours87,00035,000Fixed manufacturing overhead cost$243,600$491,150Variable manufacturing overhead per machine-hour$2.60-Variable manufacturing overhead per direct labor-hour-$4.60

Job 205 was started on August 1 and completed on August 10. The company's cost records show the following information concerning the job:

DepartmentMoldingPaintingDirect labor-hours89130Machine-hours39069Direct materials$944$1,160Direct labor cost$720$1,000

Required:

1. Compute the predetermined overhead rates used in the Molding Department and the Painting Department.

2. Compute the total overhead cost applied to Job 205.

3-a. What would be the total manufacturing cost recorded for Job 205?

3-b. If the job contained 33 units, what would be the unit product cost?

Question:-ancey Productions is a film studio that uses a job-order costing system. The company's direct materials consist of items such as costumes and props. Its direct labor includes each film's actors, directors, and extras. The company's overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars.

At the beginning of the year, Yancey made the following estimates:

Direct labor-dollars to support all productions$8,130,000Fixed overhead cost$4,878,000Variable overhead cost per direct labor-dollar$0.25

Required:

1. Compute the predetermined overhead rate.

2. During the year, Yancey produced a film titledYou Can Say That Againthat incurred the following costs:

Direct materials$1,286,000Direct labor cost$2,439,000

Compute the total job cost for this particular film.