Answered step by step
Verified Expert Solution
Question
1 Approved Answer
the total column ja $58,000 and $940,000 Delph Company uses a job order costing system and has two manufacturing departments-Molding and Fabrication. The company provided
the total column ja $58,000 and $940,000
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 coat Variable manufacturing overhead coat per machine-hour Holding Tatticasion 25,000 3),000 50.000 720,000 5 220.000 $940,000 . 3.00 $ 1.50 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-700 Molding Fabrication Total Direct materials coat $ 370,000 $ 320,000 $690,000 Direct labor cost $ 220,000 5 160,000 $380,000 Machine-hours 14,000 11,000 25,000 Job C-2001 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 220,000 $ 520,000 $ 180,000 $ 300,00 $ 480,000 11,000 22.000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the year, 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. 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 a Job C-200 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