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solve all please and thanks! Required information [The following information applies to the questions displayed below] Delph Company uses a job-order costing system and has
solve all please and thanks!
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 cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 240,000 17,000 Molding 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: Fabrication $ 320,000 $ 120,000 6,000 . 23,000 $ 700,000 $ 4.00 Total $ 690,000 $360,000 23,000 Job C-200 Fabrication Molding $ 300,000 Direct materials cost $ 280,000 Total $ 580,000 $360,000 32,000 Direct labor cost $ 120,000 6,000 $ 240,000 26,000 Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication 32,000 $ 240,000 $ 1.00 Total 55,000 $ 940,000 Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. . 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 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 Step by Step Solution
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