Required information Required 2A Required 2B Required 2C Required...

70.2K

Verified Solution

Question

Accounting

Required information Required 2A
Required 2B
Required 2C
Required 2D
Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the total manufacturing
cost assigned to Job D-70 and Job C-200.
Note: Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount. Assume Delph uses departmental predetermined overhead rates based on machine-hours. 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?
Note: Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount. Assume Delph uses departmental predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold
for the year?
Note: Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount.
[The following information applies to the questions displayed below.]
Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At
the beginning of the year, the company estimated that 55,000 machine-hours would be required for the period's
estimated level of production. It also estimated $1,000,000 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:
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:
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?
Complete this question by entering your answers in the tabs given below.
Required 2A
Required 2B
Required 2C
Required 2D
Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental
predetermined overhead rates.
Note: Round the final answers to 2 decimal places.
image

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students