Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Thanks in advance Required information [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing
Thanks in advance
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 Fabricati company provided the following estimates at the beginning of the year: Molding Fabrication 23,000 33,000 $780,000 $ 220,000 $ 3.00 $ 2.00 Total 56,000 $1,000,000 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour During the year, the company had no beginning or ending inventories and it started, completed, and sold only two 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 Fabrication Total $370,000 $ 320,000 $690,000 $220,000 $ 120,000 $340,000 15,000 8,000 23,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $300,000 $ 200,000 $500,000 $160,000 $ 280,000 $440,000 8,000 25,000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the year. no underapplied or overapplied manufacturing overhead during the year. chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based S. blantwide predetermined overhead rate. cotal manufacturing cost assigned to Job D-70 and Job C-200. lishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and 's cost of goods sold for the year? e question by entering your answers in the tabs given below. Required 2B Required 20 Required 2D chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate mine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) verhead rate per MH Required 22 Required 2B Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate machine-hours. Compute the plantwide predetermined overhead rate. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job b C-200? What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. 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 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 Ung overhead during the year. Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based -hours. the plantwide predetermined overhead rate. the total manufacturing cost assigned to Job D-70 and Job C-200. stablishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and elph's cost of goods sold for the year? e the question by entering your answers in the tabs given below. - Required 2B Requited 2c Required 2D elph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate machine-hours. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it blished for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places.) Bid price Iph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based ours. ne plantwide predetermined overhead rate. he total manufacturing cost assigned to Job D-70 and Job C-200. tablishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Iph's cost of goods sold for the year? the question by entering your answers in the tabs given below. Required 2B Required 20 Required to elph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal as sold
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started