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: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 27,000 37,000 $ 750,000 $ 270,000 $ 5.70 $ 5.70 Total 64,000 $1,020,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 373,000 $ 324,000 $ 697,000 $ 240,000 $ 150,000 $390,000 17,000 10,000 27,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 230,000 $ 510,000 $ 150,000 $ 290,000 $ 440,000 10,000 27,000 37,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Direct labor cost Machine-hours $ 150,000 10,000 $ 290,000 $ 440,000 27,000 37,000 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. 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-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. Req 2A Req 2B Req 2C Req 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH per MH Reg 2A Req 2B Direct labor cost Machine-hours $ 150,000 $ 290,000 $ 440,000 10,000 27,000 37,000 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. 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-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. Req 2A Req 2B Req 2C Req 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Total manufacturing cost Job D-70 Job C-200 Req 2A Reg 20 Machine-hours 150, 10,000 290, 27,000 37,000 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. 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-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. Req 2A Req 2B Req 2c Req 2D If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established fo D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest w dollar amount.) Bid price Job D-70 Job C-200
