Question

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. Machine hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine hour Molding 22, 2 $ 80,00 $ 5.70 Fabrication 32, 2 $ 220, 0 $ 5.70 Total 54,00 $1,220, Bee 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-7e: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 372,eee $ 321,00 $ 693, $ 230, 0 $ 140,00 $ 370, ese 17.ee S. eee 22, een Job C 200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 210,Bee $ 230, eee $ 440, eee $ 170,000 $ 240, eee $ 412, eee 5, eee 27,00 32,00 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. 6. Compute the departmental predetermined overhead rates b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 120% 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? Answer is not complete. Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 20 Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) determined Overhead Valding Department Fabrication Department S42.08 $12.58TH Required 2B >

Answer 1

2) Total manufacturing cost

	Job D-70	Job C-200
Direct material	693000	440000
Direct labor	370000	410000
Molding overhead	17000*42.06 = 715020	210300
Fabrication overhead	5000*12.58 = 62900	339660
Total manufacturing cost	1840920	1399960

3) Bid price

Job D-70 = 1840920*1.2 = 2209104

Job C-200 = 1399960*1.20 = 1679952

4) Cost of goods sold = 1840920+1399960 = 3240880