Question

RIH [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 31.000 $ 730,000 5.50 Fabrication 1.000 $200,00 $ 5.50 Total .000 910.00 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 Molding Fabrication Total $3744. 5 330.00 $ .00 $ 210.000 $10,000 $340,000 17,000 ,000 23,00 Holding Fabrication total $ 280,000 $200,000 $ 500.000 $ 130.000 200.000 $60,000 6.000 27.000 33,000 Direct labor cost Delph had no underapplied or overapplied manufacturing overhead during the year ve year 2 Assume Delph 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 ci Delph establishes bid prices that are 140% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-2002 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 28 Required 2C Required 20 Compute the departmental predetermined overhead roles. (Round the final answers to 2 decimal places.) Moong Department per < Prev 5 5 10 Next >

Answer 1

Cost of goods sold = 1746429 + 1555571

Manufaituring auerhead Fabrication, Molding 730,000 200,000 Fixed Costs |ও।50D 126500 Variable cest 381500. Total Duerhead 856500 33000 23000 + Maihine hours 37.2391 l1•5606 Duerhead rate per mH Job D to : Total lost fabrication Molding 374000 330,000 Direct material 210,000 130,000 Dizcut labor 633065 12 17065 69364 Ouerhead TOTOT LOST 5.29364 Total cost el both. 1746429. departments Bid poice x_ 140% 2445000•6 Jo৮ ८ - 200 cation Molding Diset material 289000 280,000 280,000 180,000 Dirct LaboY 312136 223435 Ouerhead TOTAL 683435 872136 TOTAL COST = $ 155 5571 140% 2177799.4

= $ 3,302,000

If you are benefited from the solution then please LIKE , if disliked please specify the reason.