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 Molding 20,000 $ 800, 190 $ Fabrication 32,000 $ 240,000 $ 2.00 Total 52,000 $1,800,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 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-700 Direct materials cost Direct labor cost Machine-hours Holding Fabrication Total $ 370,000 $320,000 $ 690,000 $ 220,000 $ 140,000 $360,000 15,000 5,000 20,000 ob 2003 Direct materials cost Direct labor cost Machine-hours Holding Fabrication Total $ 220,000 $ 280,000 S 500,000 $ 140,000 $ 200,000 $400,000 27,000 32.000 5,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. 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 costs, 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. 0 nt -nors Reg 2A Reg 28 Reg 2c Req 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Molding Department Fabrication Department Pre determined overtread rates per MH per MH Reg 2A Reg 28 Req 2c Reg 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Total manufacturing cost Job D-70 Job C-200 Req 2A Reg 28 Reg 20 Req 2D If Delph establishes bid prices that are 150% of total manufacturing costs, what bld prices would it have established for Job D-70 and Job C-2007 (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Bid price Job D-70 Job C 200 Req 2A Reg 2B Req 2c Req 2D What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your answer to nearest whole dollar amount.) Cost of goods sold Parc
