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Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company...

Question:

Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company prov
Deipn nad no underapplied or overapplied manufacturing overnead during the year. Exercise 2-15 Part 1 Required: 1. Assume Del
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 costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 28,000 38,000 $ 720,000 $ 220,000 $ 5.99 $ 5.90 Total 66,000 $940,000 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 Fabrication Total $375,000 $ 326,000 $701,000 $ 200,000 $ 160,000 $360,000 20,000 8,000 28,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 220,000 $ 520,000 $ 100,000 $ 240,000 $340,000 8,000 30,000 38,000 Delph had no underapplied or overapplied manufacturing overhead during the year.
Deipn nad no underapplied or overapplied manufacturing overnead during the year. Exercise 2-15 Part 1 Required: 1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. 8. 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-2007 d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Req 1A Reg 1B Req 1C Reg 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 Reg 1B >

Answers

Answes: Amcunt Pasticulars Total fized manufacturing overhead$940,000 Variable manufacturing ast: mokding C$5.90x28,000) Fabr

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