Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company...
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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 Holding Kabrication Total Machine-hours Fixed manufacturing overhead costs Varlable manufacturing overhead cost per machine-hour 24,000 $760,000 $ 240,000 5.00 $ 31,000 55,000 $1,000,000 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 following information related to those two jobs: Joh D-701 Direct moterials cost Direct lebor cost Machine-hours Holding Fabrication $370,000 $ 320,000 $ 69e,000 $ 220,000 $ 180,000 $ 400,000 16,000 Total 8,000 24,000 Jub C-2001 Direct materials cost Direct labor cost Hachine-hours Holding Fabrication $ 200,000 S 220,000 $ 400,000 $ 100,000 200,000 $ 420,000 B,000 Tot 23,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year Exercise 3-15 (Algo) Part 2 2. 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 costs, 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? Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 20 Required 20 Compute the departmental predetermined overhead rates. (Round the final answers to 2 decinal places.) Pre determined overhead rates Molding Department Fabrication Department per MH per MH Rquled A Required 20 > 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 Holding Kabrication Total Machine-hours Fixed manufacturing overhead costs Varlable manufacturing overhead cost per machine-hour 24,000 $760,000 $ 240,000 5.00 $ 31,000 55,000 $1,000,000 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 following information related to those two jobs: Joh D-701 Direct moterials cost Direct lebor cost Machine-hours Holding Fabrication $370,000 $ 320,000 $ 69e,000 $ 220,000 $ 180,000 $ 400,000 16,000 Total 8,000 24,000 Jub C-2001 Direct materials cost Direct labor cost Hachine-hours Holding Fabrication $ 200,000 S 220,000 $ 400,000 $ 100,000 200,000 $ 420,000 B,000 Tot 23,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year Exercise 3-15 (Algo) Part 2 2. 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 costs, 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? Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 20 Required 20 Compute the departmental predetermined overhead rates. (Round the final answers to 2 decinal places.) Pre determined overhead rates Molding Department Fabrication Department per MH per MH Rquled A Required 20 >
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Related Book For
Managerial Accounting
ISBN: 978-0077522940
15th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Posted Date:
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