Question
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
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 Fabrication Total Machine-hours Fixed manufacturing overhead cost 20,000 30,000 50,000 $ $700,000 $210,000 910,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.00 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: Molding Fabrication Total Direct materials $375,000 $325,000 $700,000 cost Direct labor cost $200,000 $ 160,000 $360,000 Machine-hours 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $300,000 $ 250,000 $550,000 $175,000 $225,000 $400,000 6,000 24,000 30,000 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 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Req 1A Req 18 Req 1C Req 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 rate per MH Reg 1A Req 1B >
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