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 Hoiding Fabrication Total Machine-hours 20,000 30,000 50,000 Fixed manufacturing overhead cost $ 700,000 $ 210,000 5 910,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.60 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-703 Holding Fabrication Total Direct materials cost $375,000 $ 325,000 $ 700,000 Direct labor cost $ 200,000 $ 160, cee $360,000 Machine-hours 14,000 6,000 20,000 Job C-200: Direct naterials cost Direct labor cost Machine hours Molding $ 300,000 $ 175,000 6,000 Fabrication $ 250,008 $225,000 24,000 Total $ 550,000 $ 400,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 22 1. 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 cost, what bid prices would it have established for Job D-70 and d. What is Delph's cost of goods sold for the year? Job C-2002 Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required IC Required 10 Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates Molding Department Fabrication Department Prodotonined ovethod ratos per MH per MH CH Required information 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-2007 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 1C Required 10 Assume Delph uses departmental predetermined overhead rates based on machine hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Total manufacturing cost Job D.70 Job C-200 Required information 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-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 1A Required 10 Required IC Required 10 Assume Delph uses departmental predetermined overhead rates 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-2007 Bid price Job D-70 Job C-200 Required information cIf 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 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 10 Required 10 Assume Delph uses departmental predetermined overhead rates based on machine hours. What is Delph's cost of goods sold for the year? Cost of goods sold
