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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.
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 Holding Fabrication 22.000 35,000 $ 780,000 $200,000 $ 3.00 $ 1.00 Total 57,000 $ 980,000 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 twojobs Job 0.70 and Job C-200 It provided the following information related to those two jobs Holding Fabrication 0,000 $320,000 $ 690,000 $ 220,000 $160,000 $380,000 22,000 Total $ Job 0.70 Direct materials cost Direct labor cost Machine-hours 14,000 8,000 Jo c.2001 Direct materials cost Direct labor cost Machine hours Holding Fabrication Total $ 260,000 $ 220,000 $400,000 $ 120,000 $200,000 $400,000 27.000 95,000 Machine-hours 14,000 8,000 22,880 Job C 200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 260,000 $ 220,000 $ 480,000 $ 120,000 $ 280,000 $400,000 8,600 27,000 35,000 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 ci 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-2002 a What is Delph's cost of goods sold for the year? intha tahe niven below Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 10 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 rate per MH Required 18 > Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 10 Required 1D 01:14 Assume Delph uses a plantwide predetermined overhead rate 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) int Total Manufacturing Cost ec Job D.70 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. Required 1A Required 18 Required 1cRequired 10 Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. 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-2002 (Round your Intermediate calculations to 2 decimal places.) Bid price Job D-70 Job C 200 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. Required 1A Required 18 Required 10 Required 10 52 Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. What is Delph's cost of gods sold the year? (Round your intermediate calculations to 2 decimal places.) Cost of goods sold
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