- Machine Hours Fixed Manufacturing Overhead Cost Variable Manufacturing Overhead Cost Per Machine Hour Job D 701 Direct M 1 (41.37 KiB) Viewed 9 times
- Machine Hours Fixed Manufacturing Overhead Cost Variable Manufacturing Overhead Cost Per Machine Hour Job D 701 Direct M 2 (47.79 KiB) Viewed 9 times
Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-701 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 220,000 15,000 Molding $ 260,000 $ 180,000 5,000 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: Fabrication $ 320,000. $ 160,000 5,000 Molding 20,000 $ 780,000 $5.00 Fabrication $ 220,000 $ 240,000 25,000 Total $ 690,000 $ 380,000 20,000 Job C-200 Total Direct materials cost $ 480,000 Direct labor cost Machine-hours $ 420,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication 30,000 $ 240,000 $ 2.00 Required: 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. a Compute the plantwide predetermined overhead rate Total 50,000 $ 1,020,000 Re
Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 costs, what bid prices would it have e Job C-200? d. What is Delph's cost of goods sold for the year? & Answer is complete but not entirely correct. Complete the
question by entering your answers in the tabs given below. Required 1A Required 18- Required 1C Required 1D Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the plantwide