Required: 1. 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 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?
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a. Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.)
Predetermined overhead rates
Molding Department $ [ ] per MH
Fabrication Department $ [ ] per MH
b. Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the total
Total manufacturing cost
Job D-70 [ ]
Job C-200 [ ]
c. Assume Delph uses departmental predetermined overhead rates based on machine-hours. If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.)
Bid price
Job D-70 [ ]
Job C-200 [ ]
d. Assume Delph uses departmental predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount.)
Cost of goods sold [ ]
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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%2F4c853cdc-f439-44a3-849d-179777b2bca4%2F2n8qmqf_processed.png&w=3840&q=75)
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