Required information [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: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 27,000 $ 740,000 $ 5.30 Fabrication 37,eee $ 260, eee $ 5.30 Total 64,000 $1,000, eee During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs- Job D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 373,eee $325,000 $ 698,000 $ 240, see $ 160,eee $ 400,000 19, eee 8,eee 27,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 240,000 $300,000 $540, eee $ 170,000 $260,000 $430,000 8,000 29, Bee 37,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses a plantwide predetermined overhead rate base 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 120% 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? Complete the question by entering your answers in the tabs given below. Required 1A Required 15 Required 1C Required 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead tate per MH Reque 1 Required 1B > Part of The following information applies to the questions afsplayed 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 9 points Machine-hours Fixed manufacturing overhead costs variable manufacturing overhead cost per machine-hour 02:11:30 Holding 27.000 $74.ee 5.30 Fabrication 37,000 $ 260,00 $ 5.30 Total 64.000 $1,000,ege During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs- Job D-70 and Job C-200. It provided the following information related to those two jobs Job D-7e Holding Fabrication Total Direct saterials cost $ 373,000 $325,000 $ 698,000 Direct labor cost $ 240,00 $ 160,000 $400,coe Machine-hours 19.00 8.000 27,000 Job C-200 Direct materials cost Direct Labor cost Machine-hours Holding Fabrication Total $240.ece $ 300,000 $540,00 $ 170,00 $ 260,000 $430, ege 29,00 37.000 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 120% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-2007 d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Required LA Required 10 Required 1 Required 10 Assume Deiph uses a plantwide predetermined overhead the based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places.) Total Manufacturing Cost Job D-TO Job C-200
