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Required information (The following information applies to the questions displayed below.) Delph Company uses a job-order cos

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  • All workings form part of the answer
  • Requirement 2

Part A

Working

Molding Department:

Fabrication Department:

A

Total Fixed Overheads

$                        770,000

$                          280,000

B

Total machine hours

                             30,000

                               40,000

C = A/B

Fixed overhead rate

$                            25.67

$                                 7.00

D

Variable Overhead rate

$                               5.90

$                                 5.90

E = C+D

Predetermined Departmental Overhead rates

$                            31.57

$                              12.90

Part B

Job D 70 Job C 200
Molding Department:
Direct material cost $                        379,000 $                          280,000
Direct Labor cost $                        210,000 $                          170,000
Manufacturing Overhead $                        726,110 $                          220,990
Fabrication Department:
Direct material cost $                        325,000 $                          290,000
Direct Labor cost $                        140,000 $                          290,000
Manufacturing Overhead $                          90,300 $                          425,700
Total manufacturing cost assigned $                    1,870,410 $                      1,676,690

Part C

Job D 70 Job C 200
A Total manufacturing cost assigned $                    1,870,410 $                      1,676,690
B = A x 140% Bid Price $                    2,618,574 $                      2,347,366

Part D

Total manufacturing cost assigned
Job D 70 $                    1,870,410
Job C 200 $                    1,676,690
Cost of Goods Sold $                    3,547,100
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