Question

Help So Delph Company uses a job-order costing system and has two manufacturing departments --Molding and Fabrication. The co
2. Assume Delph uses departmental predetermined overhead rates based on machine hours a. Compute the departmental predetermin
Required 2A Required 2B Required 2c Required 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (G d
Required information Required 2A Required 2B Required 2C Required 2D If Delph establishes bid prices that are 140% of total m
Required information Required 2A Required 2B Required 2C Required 20 What is Delphs cost of goods sold for the year? (Round
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Answer #1
Computation of departmental predetermined OH rate
Particulars Molding Fabrication
Fixed manu. OH costs $ 750,000.00 $ 200,000.00
Machine hours 24000 34000
Fixed manu. OH cost per hour $           31.25 $             5.88
Variable manu. OH cost per hour $             6.00 $             6.00
Predetermined OH rate $           37.25 $           11.88
Computation of total manufacturing costs
Job D-70
Particulars Costs
Material ($ 371000 + $ 321000) $    692,000.00
Labor ($ 230000 + $ 160000) $    390,000.00
OH [(16000 x $ 37.25) + (8000 x $ 11.88) $    691,040.00
$ 1,773,040.00
Job C-200
Particulars Costs
Material ($ 260000 + $ 220000) $    480,000.00
Labor ($ 130000 + $ 260000) $    390,000.00
OH [(8000 x $ 37.25) + (26000 x $ 11.88) $    606,880.00
$ 1,476,880.00
Computation of Bid price
Particulars Job D-70 Job C-200
Total manufacturing costs (a) $ 1,773,040.00 $ 1,476,880.00
Bid Price (a x 140%) $ 2,482,256.00 $ 2,067,632.00
Cost of Goods sold
Cost
Job D-70 $ 1,773,040.00
Job C-200 $ 1,476,880.00
$ 3,249,920.00

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