Required information [The following information applies to the questions displayed below.] Delph...
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Accounting
Required information The following information applies to the questions displayed below. Delph Company uses joborder costing with a plantwide predetermined overhead rate based on machinehours. At the beginning of the year, the company estimated that machinehours would be required for the period's estimated level of production. It also estimated $ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per machinehour. Because Delph has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machinehours. 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 and Job C 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 plantwide predetermined overhead rates based on machinehours. a Compute the plantwide predetermined overhead rate. b Compute the total manufacturing cost assigned to Job D and Job C c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D and Job C d What is Delph's cost of goods sold for the year?
Required information
The following information applies to the questions displayed below.
Delph Company uses joborder costing with a plantwide predetermined overhead rate based on machinehours. At the
beginning of the year, the company estimated that machinehours would be required for the period's estimated
level of production. It also estimated $ of fixed manufacturing overhead cost for the coming period and variable
manufacturing overhead of $ per machinehour.
Because Delph has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide
overhead rate with departmental rates that would also be based on machinehours. 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 and Job C 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 plantwide predetermined overhead rates based on machinehours.
a Compute the plantwide predetermined overhead rate.
b Compute the total manufacturing cost assigned to Job D and Job C
c If Delph establishes bid prices that are of total manufacturing costs, what bid prices would it have established for Job D
and Job C
d What is Delph's cost of goods sold for the year?
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