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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 31,eee $ 780,eee 5.30 Fabrication Total Machine-hours 72,eee 920, eee 41,e00 Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 220,eee 5,30 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 Fabrication 375,eee 250,eee 170,ee 420,eee 25,eee Job D-70: Total Direct materials cost 322,eee 697,8ee Direct labor cost 31,eee Machine-hours 6,eee Job C-200: Direct materials cost Molding Fabrication $ 230,eee Total 270,eee $580,eee 390,eee 41,eee Direct labor cost 170,eee 220,eee 35,eee Machine-hours 6,eee 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. c. If Delph establishes bid prices that are 140% of total manufacturing cost, 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 the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C 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 Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C Required 1D 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.) Total Manufacturing Cost Job D-70 Job C-200 Required 1A Required 1B Required 1C Required 1D Assume Delph uses a are 140% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places.) plantwide predetermined overhead rate based on machine-hours. If Delph establishes bid prices that Bid price Job D-70 Job C-200 Required 1B Required 1D > Required 1A Required 1B Required 1C Required 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.) Cost of goods sold Required 1C Required 1D
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