Question

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Required informatiorn (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: 41,000 $ 800,000 270,000 $1,070,000 31,000 72,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per nachine-hour 5.20 5.20 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: D-701 Direct materials cost 376,000 326,000 Direct labor cost Machine-hours 702,000 230,000 170,000 400,000 8,000 31,000 23,000 Direct materials cost Direct labor cost Machine-hours 270,000 240,000 510,000 s 140,000 230,000 370,000 33,000 41,000 8,000 Delph had no underapplied or overapplied manufacturing overhead during the year Required . 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% Job C-200? d. What is Delph's cost of goods sold for the year? of total manufacturing cost, what bid prices would it have established for Job D-70 and

Answer 1