I need to particularly know the Predetermined overhead rates of both the molding department and the fabrication department. Thank you for your help.
Predetermined Overhead rate
= Variable overhead rate per machine hour + Estimated fixed overhead rate per machine hour
= Variable overhead rate per machine hour + (estimated fixed overhead cost/Estimated machine hours)
Predetermined overhead rate | |
Molding department |
= 4 + (720,000/23,000) = 4 + 31.3 = 35.30 |
Fabrication department |
= 1 + (220,000/32,000) = 1 + 6.88 = 7.88 |
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Note : I have rounded the answers. Do comment if you face any issues :)
I need to particularly know the Predetermined overhead rates of both the molding department and the...
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 Fabrication Total 23,000 32,000 55,000 $720,000 $ 220,000 $ 940,000 $ 4.00 $ 1.00 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...
2A: Predetermined overhead rates
Molding Department _____ per MH
Fabrication Department _____ per MH
2B: Total manufacturing costs
Job D-70 _____
Job C-200 _____
2C: Bid price
Job D-70 _____
Job C-200 _____
2D: Cost of goods sold = $3,430,400
Upton and Verlander Company uses a job-order costing system. Upton and Verlander has two manufacturing departments-Molding and Fabrication. Upton and Verlander provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost...
this is all one problem
Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3,LO2-4) (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 Fabrication 20,000 30,000 $ 700,000 $ 210,000 $ 3.00 $ 1.00 Total 50,000...
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 Fabrication 21,000 31,000 $ 760,000 $ 300,000 $ 3.00 $ 2.00 Total 52,000 $1,060,000 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...
1. Assume Delph uses a plantwide predetermined overhead
rate based on machine-hours.
a. Compute the plantwide predetermined overhead rate.
b. Compute the total manufacturing cost assigned to Job D-70 and
Job C-200.
c. If Delph establishes bid prices that are 130% of total
manufacturing cost, 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?
2. Assume Delph uses departmental predetermined overhead
rates based on machine-hours....
Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4] [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: Molding Fabrication Total Machine-hours 24,000 32,000 56,000 Fixed manufacturing overhead cost $ 740,000 $ 200,000 $ 940,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.50 During...
There are four parts to this question. The data for each part
is in the first photo.
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 Pixed manufacturing overhead costs Variable manufacturing overhead coat per machine-hour Molding Fabrication 28,000 38,000 $ 700,000 $ 220,000 $ 5.70 $ 5.70 Total 66,000...
Don 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 Fabrication. Total 28,000 38, ce 66,000 $720,800 $ 220, eee $948, eee $ 5.99 $ 5.90 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two...
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. Molding 20,000 $ 700,000 $ 3.ee Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Fabrication 30,000 $ 210,000 $ 1.00 Total 50,609 $ 910,000 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...
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 Fabrication 23,000 33,000 $ 750,000 $250,000 $ 5.90 $ 5.90 Total 56,000 $1,000,000 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...