help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication

Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication

Accounting

Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:

  

  Molding Fabrication Total
  Machine-hours   20,000   30,000     50,000
  Fixed manufacturing overhead costs $ 700,000 $ 210,000     $ 910,000
  Variable manufacturing overhead per machine-hour $ 3.00 $ 3.00      
 

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: Molding Fabrication Total
  Direct materials cost $ 375,000 $ 325,000 $ 700,000
  Direct labor cost $ 200,000 $ 160,000 $ 360,000
  Machine-hours   14,000   6,000   20,000
 

  

  Job C-200: Molding Fabrication Total
  Direct materials cost $ 300,000 $ 250,000 $ 550,000
  Direct labor cost $ 175,000 $ 225,000 $ 400,000
  Machine-hours   6,000   24,000   30,000
 

 

Required:

1. Assume Delph uses a plantwide predetermined overhead rate 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 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?

Option 1

Low Cost Option
Download this past answer in few clicks

4.87 USD

PURCHASE SOLUTION

Already member?

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 7 times

Completion Status 100%
View Answer

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)