Question

Page 1 of 2 Assignment Print View The w o man iano The company srovided the foowing estimates ph Companies a to the question played below! rder costing system and has two aucturing departments Mording and P the beginning of the year Fabrication .000 200.000 Fed manufacturing overhead con o b D-70 and in the year, the company had no beginning or ending investors and it started, completed and sold only twoj C 200 it provided the following information related to those are Decels cost 375.000 $325.000 100.000 79.000 Molding Fabrication $ 210.000 $ 250,000 $ 0.000 $ 200,000 Total $460.000 $390.000 De had no underapplied or overapplied manufacturing overhead during the year Award 4.00 points 2. Assume Deiph uses departmental predetermined overhead rates based on machine hours & Compute the departmental predetermined overhead rates b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. If Deph establishes bid prices that are 140% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-2007 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 20 Required 2C Required 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH < Required 2A Required 2B >

Answer 1

solution: a) Departmental predetermined overhead Estimted MHS X VOH cost per MH Total VOH cost FOH cost Total Estimated MOH / Estimted MHS Pre determined overhead rates Molding Fabrication 29000 39000 5.5 5.5 159500 214500 760000 200000 919500414500 29000 39000 31.71 10.63 Job D-70 Job c-200 700000 460000 340000 390000 b. Cost assignment Direct material direct labor overhead applied (31.71*22000+10.63*7000) (31.71*7000+10.63*32000) total manufacturing costs assigned 771949 562051 18119491412051 c. total manufacturing costs assigned x 130% Bid price Job D-70 Job c-200 18119491412051 140% 140% 2536729 1976871 d. Job D-70 Job c-200 Total cost of goods sold for the year 1811949 1412051 3224000