Question: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 29,000 39,000 $ 730,000 $240,000 $ 5.50 5.50 Total 68,000 $970,000 During
Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 29,000 39,000 $ 730,000 $240,000 $ 5.50 5.50 Total 68,000 $970,000 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 Molding Fabrication Total $ 380,000 $321,000 $ 701,000 $ 250,000 $ 180,000 $430,000 21,000 8.000 29,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication total $ 250,000 $300,000 $ 550,000 $ 130,000 $ 220,000 $350,000 8,000 31,000 39,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 12. Assume Delph uses departmental predetermined overhead rates based on machine-hours. 1. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. 1. If Delph establishes bid prices that are 130% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-2007 d. What is Delph's cost of goods sold for the year
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