Question

6 2, LO2-3, L02-4) (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: Part 1 of 2 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 1.42 points Molding Fabrication 24,000 31,000 $760,000 $ 240,000 $ 3.00 $ 2.00 Total 55,000 $1,000,000 Skipped 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: eBook Job D-70 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 320,000 $690,000 $ 200,000 $ 160,000 $360,000 14,000 10,000 24,000 Print Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 200,000 $500,000 $ 120,000 $ 260,000 $380,000 10,000 21,000 31,000 References Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 1 Required: 1. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. 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 150% 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?

Answer 1

here solution is as follows

- a solution Here chked to calculated pre-determined overhead rates of each depast ment is as follows. Calculation of diverhed cost of each pepartment particulars melding & fabricating totul CD $ Ponied manufacturing oft's 760.000 240.010 10.00 100. variable mamufucturing over head [3x24007] [2x31007] [Machime hours y variable cost per 72000 62000134000 hour] Totul ots. 8,39,000 302.000 1134000 overhead rate= Total overhead cast machine hours. For Molding Department -4882000 , $34.67 perdre 24000 hrs For Fabrication pepartment a $302000 = $9.741 per/her 31000hrs CS Scanned with CamScanner

© Computation of tütal manufacturing Cast Alsigned to Job D-7o and Job C-200. particulares Job D-706) Job C-200 (5) Total () Direct material Cost - molding 370607 6,70,000 - Fabrication 320.000 Direct labor cost-holding 120000 - Fabrication 4 10,000 3 OD OTD 2 00 02 520.000 202 CUP 160 oco 250000 hr overhead Expenses as calculat - melding 234.67X14cp 321 67x10.00 min] hes 83 2080 346700 4-85-380 - febrication (9.74121006] [9.741 x 10c.] 204561 301971 97410 Total cost of goods sold. 1632790 1421261 30 540 SI * Note: Here. Direct laber colt of Job C-200 taken as $120,000 and 25,000o, on best of my eight observation because mage is not clear. 5-647. Job D-70 is = $1632 790. and 506-6-200 = $142126) © is company expeat 50% margin ” am total cast bidding price would be $ 1632790x 150 = $ 2449185 Foy Tob-D-9 = For Job-C-200= $ 1421261. * 1 $ 2131891.5 @est of Goods sold for the year = cost of Job D- 7o + cost of Job C-200. $ 1632790 + $14 21261 = PD 150 $ 30 54051 CS Scanned with CamScanner

please give problem with clear image then its easy to vissible the amounts so clear

thank you !!!