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Required Information [The following informetion applies to the questions displayed below.] Delph Compony uases job-order coating with s plantwide predetermined averhesd rate bosed on mschine-hours.
Required Information [The following informetion applies to the questions displayed below.] Delph Compony uases job-order coating with s plantwide predetermined averhesd rate bosed on mschine-hours. At the beginning of the year, the compony estimsted that 55,000 machlne-hours would be required for the period's estimated level of production. It slso estimated $000,000 of fixed manufacturing overhead cost for the coming period and variable monufacturing overhesd of $5.00 per mochlne-hour. Becsuae Delph hos two manuiscturing deportments-Molding and Fobrication-t is considering replscing lts plantwide averhesd rate wth depsitmentsl rates that would slso be bosed on mschine-hours. The compony gothered the follawing informstion to enbale calculating deportmental averhesd rates: During the yesr, the compsny hod no beginning or ending inventories and rt started, completed, and sold only two jabsJob D-70 and Job C-200. It provided the following informstion related to thase two jobs: Deiph hod no undersppled or overoppled monufocturing overhesd during the year Required: 1. Aasume Delph uaes plantwide predetermined overhesd rates bosed on mochine-houra. a. Compute the plantwide predetermined averhesd rate- b. Compute the total manufacturing cost sasigned to Job D-70 snd Jab C-200. c. If Delph establishes bid prices thet sre 150% of total monufacturing costs, what bid prices would it hove established for Jab D-70 and Jab C-200? d. What ls Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs glven below. Assume Delph uses plantwide predetermined owerhead rates based on machine-hours. Compute the plantwide predetermined averhead rate Note: Found your answer to 2 decimal places
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