Question: 1 question : parts a, b, c, and d Required Information [The following information applies to the questions displayed below) Delph Company uses a job-order

1 question : parts a, b, c, and d
1 question : parts a, b, c, and d Required Information [The
following information applies to the questions displayed below) Delph Company uses a
job-order costing system with a plantwide predetermined overhead rate based on machine
hours. At the beginning of the year, the company estimated that 54,000
machine-hours would be required for the period's estimated level of production. It

Required Information [The following information applies to the questions displayed below) Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated that 54,000 machine-hours would be required for the period's estimated level of production. It also estimated $980,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine hours. The company gathered the following information to enable calculating departmental overhead rates Holding Fabrication Total Machine hours 22,000 32,000 54, Fixed manufacturing overhead cost $760,000 $ 220,000 $980,000 Variable sanufacturing overhead cost per machine-hour 5.4.00 $ 1.ee 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 Holdini Fabrication Total Direct materials cost 5370,000 $ 320,000 $ 690,000 Direct labor cost $ 220,000 $ 120,000 $340,000 Machine-hours 16,000 6,000 22,000 Job C-200 Direct materials cost Direct labor cost Machine.hours Holding $ 220,000 $ 120,000 6.000 Fabrication $ 280,000 $ 220,000 26,000 Total $ 500,000 $ 340,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 150% of total manufacturing costs, what bid prices would I have established for Job D-70 and Job C-2002 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 1A Required 10 Required IC Required 10 Anume Delph uses plantwidu predetermined overhead rates based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Premind overat per MH Required 1 Required 13 > Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 ci 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? a. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Required 1A Required 10 Required IC Required 10 Anume Delph uses plantwide predetermined overhead rates based on machine hours. Compute the total manufacturing cost assigned to Jab D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount) Total Manufacturing Job 0-70 Job C 200 Delph had no underapplied or overapplied manufacturing overhead during the year Required: 1. Assume Delph uses plantwide predetermined overhead restes 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. 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 1A Required 18 Required 10 Required 10 Assume Delph uses plantwide predetermined overhead rates based on machine-hours. 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-2007 (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount) nid Price Job D-70 Job C 200 Required 1B Required 10 > Delph had no underapplied or overapplied manufacturing overhead during the year, Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 cor Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would I have established for Job D-70 and Job C-2002 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 1A Required 1B Required 10 Required 10 Assume Delph uses plantwide predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to the nearest whole dollar amount.) Conto

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!