Required information [The following information applies to the questions displayed below) Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. Al the beginning of the year, the company estimated that 50,000 machine hours would be required for the period's estimated level of production. It also estimated $910,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1,80 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication--it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Molding Fabrication Total Machine-hours 20,000 30,000 50.000 Fixed manufacturing overhead cost $ 700,000 $ 210,000 $ 910,000 Variable manufacturing overhead cost per nachine-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: Sob D-70 Molding Fabrication Direct materials cost Total $375,000 $ 325,000 $ 700,000 Direct labor cost $ 200,000 $160,000 $360,000 Machine-hours 14,000 6.900 20,000 Job C-200 Molding Fabrication Total Direct saterials cost $ 250,000 $ 550,000 Direct labor cost $ 175,000 $ 225,800 Machine-hours $400,000 6,600 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 300,000 Required: 1. Assume Delph uses plantwide predetermined overhead rates 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-2007 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below. ces Required 1A required 10 Required 10 Required 10 Assume Delphes plantwide predetermined overhead rates based on machine-hours, compute the plantwide predetermined overhead rate Predetermined overheatrale per MH Required 10 > Machine-hours 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 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. Herences Required 1A Required 18 Required 10 Required 1D Assume Delph uses plntwide 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 TO Job C-200 applied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 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. rences Required 1A Required 1B Required 10 Required 1D Assume Delph uses plantwide predetermined overhead rates based on machine-hours. If Deiph 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 Bid Price Job D-70 Job C-200
