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 20,000 30,000 50,000 Fixed manufacturing overhead cost 5 700,000 $ 210,000 5 910,000 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 6-703 Holding Fabrication Total Direct materials cost $ 375,000 $325,000 $ 700,000 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 Holding $ 300,000 $ 175,000 6,000 Fabrication $ 250,000 $225,000 24,000 Total $ 550,000 $ 400,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2. Assume Delph chooses to combine its departmental rates into 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 Il 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-200? d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 20 Required 20 Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. Compute the plantwide predetermined overhead rate Prodetermined overhead late per MH Required 2A Required 28 > 2 Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machin a. Compute the plantwide predetermined overhead rate. b Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Call Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job Job C 2002 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2C Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Total manufacturing COS Job D-70 Job C 200 2. Assume Delph chooses to combine its departmental rates into 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 costs, what bid prices would it have established for Job D-70 an Job C 2002 d What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 20 Required 20 Required 20 Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. Ir 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-2007 Bid price Job D-70 Job C-200 nuo 2. Assume Delph chooses to combine its departmental rates into 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 costs, what bid prices would it have established for Job D-70 and Job C 2002 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 2A Required 28 Required 2C Required 2D Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machine hours. What is Delph's cost of goods sold for the year? Cost of goods sold
