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 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 Fabrication 22,000 35,000 $ 780,000 $ 200,000 $ 3.00 $ 1.00 Total 57,000 $ 980,000 During the year, the company had no beginning or ending inventories and it started, completed and sold only two job 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 $ 690,000 $ 220,000 $160,000 $ 380,000 14,000 8,000 22,000 Job C-200: Direct materials cost Direct Labor COST Machine hours Molding Fabrication Total $ 260,800 $ 220,000 $ 480,000 $ 120,000 $280,000 $400,000 8,000 27,000 35,000 DHRA Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $320,000 $ 690,000 $ 220,000 $ 160,000 $ 380,000 14,000 8,000 22,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Holding Fabrication Total $ 260,000 $ 220,000 $ 480,000 $ 120,000 $ 280,000 $400,000 8,000 27,000 35,000 2. Assume Delph uses departmental predetermined overhead rates based on machine hours. a. Compute the departmental predetermined overhead rates 6. 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 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 2A Required 28 Required 20 Required 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH por MH Required 2B > Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 2C Required 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculation decimal places. Round your final answers to nearest whole dollar amount.) Total manufacturing cost Job D-70 Job C 200 Required information Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 20. 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 My www.pre- 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 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. Roundy answers to nearest whole dollar amount.) Cost of goods sold
