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Thank you in advance Required information The following information applies to the questions displayed below. Delph Company uses a job-order costing system and has two
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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: Total Molding Fabrication 23,000 $ 750,000 220,000 970,000 $ 5.60 Machine-hours 33,000 56,000 Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 5.60 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: Molding Fabrication Total $373,000 328,000 $ 701,000 $200,000 130,000$ 330,000 17,000 Direct materials cost Direct labor cost Machine-hours 6,000 23,000 Job C-200: Molding Fabrication Total 300,000 230,000 530,0e0 $ 110,000 240,000 $ 350,000 6,000 Direct materials cost Direct labor cost Machine-hours 27,000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. a. 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 130% 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 Required 1A Required 1B Required 1C Required 1D Assume Delph uses 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 per MH Required 1A Required 1B Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C Required 1D Assume Delph uses 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 K Required 1A Required 1C > Complete the question by entering your answers in the tabs given below Required 1A Required 1BRequired 1C Required 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. If Delph establishes bid prices that are 130% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-2007(Round your intermediate calculations to 2 decimal places.) Bid price Job D-70 Job C-200 Required 1D Required 1B Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1CRequired 1D Assume Delph uses 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 soldStep by Step Solution
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