2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate 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? Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) 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 cost Variable manufacturing overhead cost per machine-hour Molding 24,000 $ 720,000 $ 4.00 Fabrication 32,000 $ 260,000 $ 2.00 Total 56,000 $ 980,000 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: Total $ 690,000 $ 360,000 24,000 Job D-70 Dirert materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 200,000 13,000 Fabrication $ 320,000 $ 160,000 11,000 Job C-200 Direct materials cost Molding $ 260,000 Direct labor cost Machine-hours $ 160,000 11,000 Fabrication $ 240,000 $ 280,000 21,000 $ 500,000 $ 440,000 32,000 Total Delph had no underapplied or overapplied manufacturing overhead during the year..
2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate 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? Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) 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 cost Variable manufacturing overhead cost per machine-hour Molding 24,000 $ 720,000 $ 4.00 Fabrication 32,000 $ 260,000 $ 2.00 Total 56,000 $ 980,000 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: Total $ 690,000 $ 360,000 24,000 Job D-70 Dirert materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 200,000 13,000 Fabrication $ 320,000 $ 160,000 11,000 Job C-200 Direct materials cost Molding $ 260,000 Direct labor cost Machine-hours $ 160,000 11,000 Fabrication $ 240,000 $ 280,000 21,000 $ 500,000 $ 440,000 32,000 Total Delph had no underapplied or overapplied manufacturing overhead during the year..
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate 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?
Complete the question by entering your answers in the tabs given below.
Required 2A Required 2B Required 2C Required 2D
Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate
based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.)
Transcribed Image Text: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 cost
Variable manufacturing overhead cost per machine-hour
Molding
24,000
$ 720,000
$ 4.00
Fabrication
32,000
$ 260,000
$ 2.00
Total
56,000
$ 980,000
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:
Total
$ 690,000
$ 360,000
24,000
Job D-70
Dirert materials cost
Direct labor cost
Machine-hours
Molding
$ 370,000
$ 200,000
13,000
Fabrication
$ 320,000
$ 160,000
11,000
Job C-200
Direct materials cost
Molding
$ 260,000
Direct labor cost
Machine-hours
$ 160,000
11,000
Fabrication
$ 240,000
$ 280,000
21,000
$ 500,000
$ 440,000
32,000
Total
Delph had no underapplied or overapplied manufacturing overhead during the year..
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