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: Molding Fabrication 22,000 $780,000 2$ Total Machine-hours 34,000 $ 280,000 2$ 56,000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $1,060,000 4.00 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: Molding Fabrication $ 370,000 $ 320,000 $690,000 $ 220,000 $ 180,000 $400,000 5,000 Job D-70 Direct materials cost Total Direct labor cost Machine-hours 17,000 22,000 Molding Fabrication $ 220,000 $ 300,000 $520,000 $ 160,000 $ 300,000 $460,000 5,000 Job C-200 Total Direct materials cost Direct labor cost Machine-hours 29,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year.
The information for the question is in the attached images.
a. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined
Predetermined overhead rate $ [ ] per MH
b. 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 [ ]
c. 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
Bid price
Job D-70 [ ]
Job C-200 [ ]
d. 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 [ ]
![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:
Molding Fabrication
34,000
$ 280,000
2$
Total
Machine-hours
56,000
$1,060,000
22,000
$780,000
Fixed manufacturing overhead cost
Variable manufacturing overhead cost per machine-hour
4.00
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:
Molding Fabrication
$ 370,000 $ 320,000 $690,000
$ 220,000
17,000
Job D-70
Total
Direct materials cost
$ 180,000 $400,000
5,000
Direct labor cost
Machine-hours
22,000
Molding Fabrication
$ 220,000
$ 160,000
Job C-200
Total
$ 300,000 $520,000
$ 300,000 $460,000
29,000
Direct materials cost
Direct labor cost
Machine-hours
5,000
34,000
Delph had no underapplied or overapplied manufacturing overhead during the year.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F71bd03b4-8270-46db-9350-3293ea1db467%2F4a5dd6e4-a471-4a1a-b35a-2371e295ac91%2Fnfy5c8_processed.png&w=3840&q=75)
Plantwide predetermined overhead rate = Total Overheads / Total Machine hours
Fixed overheads = $1,060,000
Variable overheads = (22,000 machine hours * $4.00) + (34,000 machine hours * $1.50) = $139,000
Total Overheads = $1,060,000 + $139,000 = $1,199,000
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