McGraw Hill Connect LTIA ego M Question 4 - CH 02 HW - Exe + M M New C Help Save & Exit Sub ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fco... W-Exercises & Problems i ces 2 Saved You received no credit for this question in the previous attempt. View previous attempt Check my w Required information Exercise 2-17 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2- 2, LO2-3, LO2-4] [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 53,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,060,000 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 22,000 Fabrication 31,000 Total 53,000 $ 760,000 $ 4.00 $ 300,000 $ 2.00 $ 1,060,000 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: Job D-70 Direct materials cost Direct labor cost Molding $ 370,000 Fabrication Total Machine-hours $ 200,000 14,000 Molding $ 320,000 $ 140,000 8,000 Fabrication $ 280,000 Job C-200 Direct materials cost $ 200,000 Direct labor cost $ 160,000 Machine-hours $ 280,000 23,000 8,000 $ 690,000 $ 340,000 22,000 Total $ 480,000 $ 440,000 31,000 80 F3 S W E R D 888 F4 % 5 < Prev 4 5 of 5 Next > F5 G MacBook Air H & 7 AA DII F7 F8 8 8 F10 Direct labor cost Machine-hours $ 160,000 8,000 $ 280,000 23,000 $ 440,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-17 (Algo) Part 1 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 established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year? 2 Complete this question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C Required 1D Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the plantwide predetermined overhead rate. Note: Round your answer to 2 decimal places. 3 #t 80 F3 $ 888 F4 W E R S X 解 D F % 205 < Prev 45 of 5 Next > T G MacBook Air F6 Y & 7 H DII F7 F8 F9 F10 U C V B N M K