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   Total Machine-hours   28,000   38,000   66,000 Fixed manufacturing overhead costs $ 760,000 $ 260,000 $ 1,020,000 Variable manufacturing overhead cost per machine-hour $ 5.10 $ 5.10          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: Molding Fabrication Total Direct materials cost $ 373,000 $ 327,000 $ 700,000 Direct labor cost $ 220,000 $ 130,000 $ 350,000 Machine-hours   23,000   5,000   28,000      Job C-200: Molding Fabrication Total Direct materials cost $ 210,000 $ 240,000 $ 450,000 Direct labor cost $ 150,000 $ 270,000 $ 420,000 Machine-hours   5,000   33,000   38,000     Delph had no underapplied or overapplied manufacturing overhead during the year.   Required: 1. Assume Delph uses 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 130% 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?

Wilmington Company has two manufacturing departments--Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is based on estimates from the beginning of the year. The second set of data relates to one particular job completed during the year--Job Bravo.   Estimated Data Assembly Fabrication Total Manufacturing overhead costs $ 7,250,000 $ 7,830,000 $ 15,080,000 Direct labor-hours   145,000   87,000   232,000 Machine-hours   58,000   290,000   348,000     Job Bravo Assembly Fabrication Total Direct labor-hours 30 22 52 Machine-hours 22 25 47     Required: 1. If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to Job Bravo? 2. If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in Assembly and machine-hours as the allocation base in…

MontanaTechnology, Inc. has a job-order costing system. The company uses pre- determined overhead rates in applying manufacturing overhead cost to individual jobs. The pre-determined overhead rate in Department A is based on machine hours, and the rate in Department B is based on direct materials cost. At the beginning of the most recent year, the company's management made the following estimates for the year: Department B 19,000 60,000 $282,000 $520,000 $705,000 Machine-hours 70,000 30,000 $195,000 $260,000 $420,000 Direct labour-hours Direct materials cost Direct labour cost Manufacturing overhead cost Job 243 entered into production on April 1 and was completed on May 12. The company's cost records show the following information about the job: Department A 250 B 60 Machine-hours Direct labour-hours 70 120 $840 $610 $1,100 $880 Direct materials cost Direct labour cost At the end of the year, the records of Montana showed the following actual cost and operating data for all jobs…

Required information [The following information applies to the questions displayed below.] Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 54,000 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 Molding $ 370,000 $ 200,000 15,000 Job C-200 Direct…

Hultquist Corporation has two manufacturing departments--Forming and Customizing. The company used the following data at the beginning of the period to calculate predetermined overhead rates: Customizing Forming 7, 000 $ 25,900 $ 2.50 Total Estimated total machine-hours (MHs) Estimated tot al fixed manufacturing overhead cost Estimated variable manufacturing overhead cost per MH 3, 000 $ 7, 200 $ 5.00 10, 000 $ 33,100 During the period, the company started and completed two jobs-Job C and Job L. Data concerning those two jobs follow: Job C Job L $ 16,900 $ 10,300 $ 23,600 $ 10, 600 Direct materials Direct labor cost Forming machine-hours Customizing machine-hours 1,250 1,250 5,750 1,750 Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2 decimal places.) b. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours.…

Manji

*COULD YOU ANSWER PARTS D-G?* Bierce Corporation has two manufacturing departments--Machining and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates:     Machining Finishing Total Estimated total machine-hours (MHs)   5,000   5,000   10,000 Estimated total fixed manufacturing overhead cost $ 10,000 $ 38,500 $ 48,500 Estimated variable manufacturing overhead cost per MH $ 2.30 $ 3.00         During the most recent month, the company started and completed two jobs--Job B and Job K. There were no beginning inventories. Data concerning those two jobs follow:     Job B Job K Direct materials $ 13,900 $ 8,200 Direct labor cost $ 21,400 $ 8,200 Machiningmachine-hours   3,750   1,250 Finishing machine-hours   1,250   3,750     Required: a. Assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours. Calculate that overhead rate. (Round your answer to 2…

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   Total Machine-hours   21,000   32,000   53,000 Fixed manufacturing overhead cost $ 740,000 $ 240,000 $ 980,000 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:     Job D-70 Molding Fabrication Total Direct materials cost $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 220,000 $ 160,000 $ 380,000 Machine-hours   17,000   4,000   21,000      Job C-200 Molding Fabrication Total Direct materials cost $ 280,000 $ 200,000 $ 480,000 Direct labor cost $ 180,000 $ 280,000 $ 460,000 Machine-hours   4,000   28,000…

Help [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. Th 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 $ 760,000 $ 3.00 Fabrication 33,000 $ 220,000 $ 2.00 Total 57,000 $ 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: Job D-70 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours Total $ 690,000 $ 380,000 24,000 Molding $ 370,000 $ 200,000 15,000 Fabrication $ 320,000 $ 180,000 9,000 Molding $ 200,000 $ 100,000 9,000 $ 200,000 $ 400,000 $ 260,000 24,000 $ 360,000 33,000 Fabrication Total…

Required information Skip to question [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 Total Machine - hours 22, 000 35,000 57,000 Fixed manufacturing overhead cost $ 740,000 $ 240,000 $980,000 Variable manufacturing overhead cost per machine - hour $ 3.00 $ 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: Job D-70 Molding Fabrication Total Direct materials cost $ 370,000 $320, 000 $ 690,000 Direct labor cost $ 200,000 $ 140,000 $340,000 Machine - hours 14,000 8,000 22,000 Job C-200 Molding Fabrication Total Direct materials cost $ 280,000 $ 300, 000 $ 580,000 Direct labor cost $ 140,000 $ 280, 000 $…