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 years Machine hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 21,000 5 800,000 $ 5.00 Fabrication 32, een $260.ee $ 2.00 Total 53,689 31,060,000 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 $ 370,000 $ 320,000 $698,888 $ 240,000 $140,000 $380,000 15, eee 6.be 21. eee Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 240,000 $240,000 $ 480,000 $ 160,000 $250,000 $42e, eee 6,600 26, Bee 32,000 Direct labor cost Machine hours $ 160,000 $ 260,000 $ 420,000 26,000 32,000 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. Required 2A Required 28 Required 2C Required 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Molding Department Fatication Department Pre determined avrhead raties per MH per MH Red Required 28 > 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. Required A Required 28 Required 2C Required 20 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 (Required 2A Required 2C> Next Delph had no underappiled 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. 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. Required 2A Required 28 Required 2c Required 20 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(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 OD Machine-hours . 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. Required 2A Required 28 Required 2C Required 2D What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) cou of goods sold
