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Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs (LO2-1, LO2-2, LO2-3, LO2-4) (The following information applies to the questions displayed
Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs (LO2-1, LO2-2, LO2-3, LO2-4) (The following information applies to the questions displayed below.) 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. Mochice-hours Fixed manufactaring overhead coat Variable sanatacturing swerhead cont per mache-hour Molding Tabrication Total 20.000 32,000 $2,000 $700,000 $220,000 $90,000 $5.00 $ During the year, the company had no beginning or ending inventories and it started, completed, and sold only twojobs Job D 70 and Job C 200. It provided the following information related to those two jobs: Molding Fabrication Total Direct materiala cout 5370,000 $ 320,000 $490,000 Direct Labor coat $240,000 $ 140,000 $300,000 Machine-housa 16.000 20, DDD Job C-200 Direct sitesinis cout Direct labor coat Machine-houss Molding Fabrication Total $220,000 $ 240,000 $460,000 $140,000 $ 220,000 $360,000 20,000 32,000 4.000 Deiph had no underapplied or overapplied manufacturing overhead during the year Exercise 2-15 (Algo) Part 1 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. 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 2002 d. What is Delph's cost of goods sold for the year
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