Question

Required information The following information apples to the questions displayed below Delph Company was border Coating system and has two montacturing departments-Molding and Fabrication. The company provides the foowing estimates at the beginning of the year Molding Fabrication Total Machinebours Fidanufacturing read costs Variable facturing a cost per shine hour $ 790,eee $ 5.00 $30, $ 5.00 $1. , During the year the company has no beginning or ending Inventories and it started completed, and sold only twojobo- Job D-70 and Job C 200. It provided the following information related to those two tabs Job 20: Direct materials cost Direct labor cost Machine-hours 375. 21.000 .000 $ 220,000 $150,000 $382.ee Job 20: Dinctuarials COE Direct labor cost Machine-hours Molding Fabrication Total 248, 258.80 $ 56.888 $ 100,00 $ 238,00 $ 338,888 8.00 25,00 33,00 Delph had no underapplied or oversppiled manufacturing overhead during the year. 2 Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost o gned to Job D-70 and Job C-200 Delph establishes bid prices that are 140% of total manufacturing costs, what ble prices would Job C-2009 d. What is Delph's cost of goods sold for the year! have established for Job D-70 and Complete the question by entering your answers in the tabs given below. Required 2 reisired 2a equired 2c Required 20 Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places) Ming Department Fabrication e t

Answer 1

1) Overhead rate :

Molding overhead rate = (790000/23000+6) = 40.35 per hour

Fabrication overhead rate = (300000/33000+6) = 15.09 per hour

2) Total manufacturing cost

	Job D-70	Job C-200
Direct material	698000	500000
Direct labor	380000	330000
Molding overhead	605250	322800
Fabrication overhead	120720	377250
Total manufacturing cost	1803970	1530050

3) Bid price

Job D-70 = 1803970*1.4 = 2525558

Job C-200 = 1530050*1.4 = 2142070

d) Cost of goods sold = 1803970+1530050 = 3334020