[The following information applies to the questions displayed below.] Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 55,000 machine-hours would be required for the period's estimated level of production. It also estimated $980,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours 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 $ 370,000 $ 220,000 15,000 Job C-200 Total Direct materials cost Direct labor cost Machine-hours $ 520,000 $ 420,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Job D-70 Job C-200 $ $ Fabrication $ 320,000 $ 160,000 9,000 Molding $ 300,000 $ 160,000 9,000 Total Manufacturing Cost Fabrication 1,212,720 X 1,297,420 X Molding 24,000 $ 760,000 $ 4.00 $ 220,000 $ 260,000 22,000 Total $ 690,000 $ 380,000 24,000 Answer is complete but not entirely correct. Complete the question by entering your answers in the tabs given below. Required: 1. Assume Delph us plantwide predetermined overhead rates a. 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 150% of total manufacturing costs, 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? Fabrication 31,000 $ 220,000 $ 1.50 on machine-hours. Total Required 1A Required 18 Required 10 Required 1D Assume Delph uses plantwide predetermined overhead rates 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. Round your final answers to the nearest whole dollar amount.) 55,000 $ 980,000

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...
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Please help me solve the total manufacturing cost for Job D-70 & Job C-200

[The following information applies to the questions displayed below.]
Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours.
At the beginning of the year, the company estimated that 55.000 machine-hours would be required for the period's
estimated level of production. It also estimated $980,000 of fixed manufacturing overhead cost for the coming period and
variable manufacturing overhead of $4.00 per machine-hour.
Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide
overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following
information to enable calculating departmental overhead rates:
Machine-hours
Fixed manufacturing overhead cost
Variable manufacturing overhead cost per machine-hour
Job D-70
Direct materials cost
Direct labor cost
Machine-hours
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
$ 370,000
$ 220,000
15,000
Job C-200
Total
Direct materials cost
Direct labor cost
Machine-hours
$ 520,000
$ 420,000
31,000
Delph had no underapplied or overapplied manufacturing overhead during the year.
Job D-70
Job C-200
Molding
$ 300,000
$ 160,000
9,000
$
$
Fabrication
$ 320,000
$ 160,000
9,000
Total
Manufacturing
Cost
Molding
24,000
$ 760,000
$ 4.00
1.212.720 X
1,297,420
Fabrication
$ 220,000
$ 260,000
22,000
Answer is complete but not entirely correct.
Complete the question by entering your answers in the tabs given below.
Total
$ 690,000
$ 380,000
24,000
Required:
1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours.
a. 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 150% of total manufacturing costs, 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?
Fabrication
31,000
$ 220,000
$ 1.50
Required 1A Required 1B Required 1C Required 1D
Assume Delph uses plantwide predetermined overhead rates 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. Round your final answers to
the nearest whole dollar amount.)
Total
55,000
$ 980,000
Transcribed Image Text:[The following information applies to the questions displayed below.] Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 55.000 machine-hours would be required for the period's estimated level of production. It also estimated $980,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours 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 $ 370,000 $ 220,000 15,000 Job C-200 Total Direct materials cost Direct labor cost Machine-hours $ 520,000 $ 420,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Job D-70 Job C-200 Molding $ 300,000 $ 160,000 9,000 $ $ Fabrication $ 320,000 $ 160,000 9,000 Total Manufacturing Cost Molding 24,000 $ 760,000 $ 4.00 1.212.720 X 1,297,420 Fabrication $ 220,000 $ 260,000 22,000 Answer is complete but not entirely correct. Complete the question by entering your answers in the tabs given below. Total $ 690,000 $ 380,000 24,000 Required: 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. a. 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 150% of total manufacturing costs, 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? Fabrication 31,000 $ 220,000 $ 1.50 Required 1A Required 1B Required 1C Required 1D Assume Delph uses plantwide predetermined overhead rates 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. Round your final answers to the nearest whole dollar amount.) Total 55,000 $ 980,000
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