Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information Exercise 2 - 1 7 ( Algo ) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [ LO 2 - 1 , LO
Required information
Exercise Algo Plantwide and Departmental Predetermined Overhead Rates; Job Costs LO LO
LO LO
The following information applies to the questions displayed below.
Delph Company uses joborder costing with a plantwide predetermined overhead rate based on machinehours. At the
beginning of the year, the company estimated that machinehours would be required for the period's estimated
level of production. It also estimated $ of fixed manufacturing overhead cost for the coming period and variable
manufacturing overhead of $ per machinehour.
Because Delph has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide
overhead rate with departmental rates that would also be based on machinehours. The company gathered the following
information to enable calculating departmental overhead rates:
During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs
Job D and Job C It provided the following information related to those two jobs:
Delph had no underapplied or overapplied manufacturing overhead during the year. Delph had no underapplied or overapplied manufacturing overhead during the year.
Exercise Algo Part
Required:
Assume Delph uses plantwide predetermined overhead rates based on machinehours.
a Compute the plantwide predetermined overhead rate.
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D
and Job C
d What is Delph's cost of goods sold for the year?
Complete this question by entering your answers in the tabs given below.
Assume Delph uses plantwide predetermined overhead rates based on machinehours. Compute the plantwide predetermined
overhead rate.
Note: Round your answer to decimal places. Required:
Assume Delph uses plantwide predetermined overhead rates based on machinehours.
a Compute the plantwide predetermined overhead rate.
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D
and Job C
d What is Delph's cost of goods sold for the year?
Complete this question by entering your answers in the tabs given below.
Assume Delph uses plantwide predetermined overhead rates based on machinehours. Compute the total manufacturing cost
assigned to Job D and Job C
Note: Round your intermediate calculations to decimal places. Round your final answers to the nearest whole dollar amount. Exercise Algo Part
Required:
Assume Delph uses plantwide predetermined overhead rates based on machinehours.
a Compute the plantwide predetermined overhead rate.
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D
and Job C
d What is Delph's cost of goods sold for the year?
Complete this question by entering your answers in the tabs given below.
Required
Required B
Required C
Required D
Assume Delph uses plantwide predetermined overhead rates based on machinehours. If Delph establishes bid prices that are
of total manufacturing costs, what bid prices would it have established for Job D and Job C
Note: Round your intermediate calculations to decimal places. Round your final answers to the nearest whole dollar amount.Delph had no underapplied or overapplied manufacturing overhead during the year.
Exercise Algo Part
Required:
Assume Delph uses plantwide predetermined overhead rates based on machinehours.
a Compute the plantwide predetermined overhead rate.
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D
and Job C
d What is Delph's cost of goods sold for the year?
Complete this question by entering your answers in the tabs given below.
Assume Delph uses plantwide predetermined overhead rates based on machinehours. What is Delph's cost of goods sold for
the year?
Note: Round your intermediate calculations to decimal places. Round your final answer to the nearest whole dollar amount.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started