Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information [ The following information applies to the questions displayed below. ] Delph Company uses a job - order costing system and has two
Required information
The following information applies to the questions displayed below.
Delph Company uses a joborder costing system and has two manufacturing departmentsMolding and Fabrication. T
company provided the following estimates at the beginning of the year:
Machinehours
Fixed manufacturing overhead cost
Variable manufacturing overhead cost per machinehour
Molding
$
$
Fabrication
$
$
Total
$
During the year, the company had no beginning or ending inventories and it started, completed, and sold only two job
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.
Assume Delph chooses to combine its departmental rates from requirement into a plantwide predetermined overhead ra
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
Job C
d What is Delph's cost of goods sold for the year?
Answer is not complete.
Complete the question by entering your answers in the tabs given below.
Assume Delph chooses to combine its departmental rates from requirement 'nto a plantwide predetermined overhead rate
based on machinehours. Compute the plantwide predetermined overhead rate. Round your answer to decimal places.
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