Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials...
50.1K
Verified Solution
Question
Accounting
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost 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: Molding $ 370,000 $ 240,000 16,000 Machine-hours. Molding $ 280,000 $ 160,000 5,000 Fabrication $ 320,000 $ 160,000 5,000 Molaing 21,000 $ 800,000 $ 4.00 Fabrication $ 280,000 $ 220,000 26,000 Total $ 690,000 $ 400,000 21,000 Total $ 560,000 $ 380,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication Required: 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. 31,000 $ 300,000 $ 2.00 Total 52,000 $ 1,100,000 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?
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: Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 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 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 Job D-70 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost 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: Molding $ 370,000 $ 240,000 16,000 Machine-hours. Molding $ 280,000 $ 160,000 5,000 Fabrication $ 320,000 $ 160,000 5,000 Molaing 21,000 $ 800,000 $ 4.00 Fabrication $ 280,000 $ 220,000 26,000 Total $ 690,000 $ 400,000 21,000 Total $ 560,000 $ 380,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication Required: 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. 31,000 $ 300,000 $ 2.00 Total 52,000 $ 1,100,000 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?

Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.