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Steps on how you got the answer would be great! Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined
Steps on how you got the answer would be great!
Assume Delph chooses to combine its departmental rates from requirement 1 into 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 Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. 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? (Round your intermediate calculations to 2 decimal places.) Bid price Job D-70 Job C-200 Assume Delph chooses to combine its departmental rates from requirement 1 into 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 2A Required 2B Required 20 Required 2D 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. (Round your answer to 2 decimal places.) Predetermined overhead rate $ 24.24 per MH [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departmentsMolding 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 Molding 20,000 $ 800,000 $ 5.00 Fabrication 33,000 $ 220,000 $ 2.00 Total 53,000 $ 1,020,000 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: Job D-70 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 200,000 17,000 Fabrication $ 320,000 $ 140,000 3,000 Total $ 690,000 $ 340,000 20,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 240,000 $ 160,000 3,000 Fabrication $ 260,000 $ 240,000 30,000 Total $ 500,000 $ 400,000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the yearStep by Step Solution
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