Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information opplies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information [The following information opplies 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: During the year, the company had no beginning or ending inventories and it started, completed, and sord only two jobs Job D-70 and Job C.200. It provided the following information retated to those two jobs: Delph had no underapplied of overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses departmental predetemined overhead rates based on machine-hours a. Compute the departmental predetermined overhead fates. b. Compute the total manufacturing cost assigned to Job D.70 and Job C-200 c. if Delph estoblishes bid prices that are 150% of total manufacturing cost; what bid prices would it have estabiahed for Job D-70 and Job C.200? d Wriat is Deiphis cost of goods solgtor the year? Complete the question by entering your answers in the tabs olven below. 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. 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-200? d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs olven below. Assume Delph uses departmental predetermined overheod rates bosed on machine-hours. What is Delphs cost of goods sold for the year? (ftound your intermediate colculations to 2 decimal places. Houpd your final eriswer to nearest whole diellar smount: Required information 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 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. Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmentat. predetermined overheod rates. (Round the final answers to 2 decimal pinces.) Compute the total manufacturing cost assigned to Job D-70 and Job C-200. . If Deiph establishes bid prices that ate 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and ob C-200? What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs olven below. Assume Delph uses deportmental predetermined averhead rates 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. Round your fina! anwwers to nearost whele dollar amount.) 300C20Ut d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. 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-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started