Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 25,000 $ 740,000 $...

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Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 25,000 $ 740,000 $ 3.00 Fabrication 31,000 $ 260,000 $ 1.00 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 information related to those two jobs: Job D-70 Direct materials cost Direct labor cost Machine-hours Total $ 690,000 $ 380,000 25,000 Molding $ 370,000 $ 220,000 15,000 Fabrication $ 320,000 $ 160,000 10,000 Job C-200 Direct materials cost $ 280,000 Direct labor cost Machine-hours $ 160,000 10,000 Fabrication $ 300,000 $ 300,000 21,000 $ 580,000 $ 460,000 31,000 Molding Total 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? Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 25,000 $ 740,000 $ 3.00 Fabrication 31,000 $ 260,000 $ 1.00 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 information related to those two jobs: Job D-70 Direct materials cost Direct labor cost Machine-hours Total $ 690,000 $ 380,000 25,000 Molding $ 370,000 $ 220,000 15,000 Fabrication $ 320,000 $ 160,000 10,000 Job C-200 Direct materials cost $ 280,000 Direct labor cost Machine-hours $ 160,000 10,000 Fabrication $ 300,000 $ 300,000 21,000 $ 580,000 $ 460,000 31,000 Molding Total 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?

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a To compute the departmental predetermined overhead rates based on machinehours we divide the total manufacturing overhead cost for each department by the total machinehours for that department For t... View the full answer