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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: Molding FabricationTotal 26,000 730,000 250,000 980,000 $5.90 5.90 Machine-hours 36,000 62,000 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 two jobs- Job D-70 and Job C-200. It provided the following information related to those two jobs Molding FabricationTotal 372,000 230,000 170,000 400,000 20,000 Job D-70: Direct materials cost 322,000 694,000 Direct labor cost Machine-hours 6,000 26,000 Molding FabricationTotal 210,000 300,000 510,000 140,000 280,000 420,000 6,000 Job C-200: Direct materials cost Direct labor cost 30,000 36,000 Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year 2. 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. lf Delph establishes bid prices that are 130% 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
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