I ONLY NEED WELLORGANIZED AND ACCURATE ANSWERS THANKS Requir

I ONLY NEED WELL-ORGANIZED AND ACCURATE ANSWERS! THANKS.

Required information The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication The company provided the following estimates at the beginning of the year: Molding Fabrication Total 64,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 27,000 37,000 $ 770,000 240,000 $1,010,000 $5.10 $ 5.10 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 Machine-hours Molding Fabrication Total $ 200,000 $ 170,000 9,000 370,000 $ 326,000 $ 696,000 370,000 27,000 18,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total 290,000 220,000 $510,000 $ 180,000 290,000 470,000 37,000 9,000 28,000 Delph had no underapplied or overapplied manufacturing overhead during the year

Solution

ans 2 Predetermined Overhead Fixed Estimated manufacturing Overhead/Estimated Machine hours+Variable overhead rate Molding Department 33.62 per MH (770000/27000)+5.1 Fabrication Department 11.59 per MH (240000/37000)+5.1 2b Total manufacturing cost assigned Job D-70 Direct Material $696,000 Direct Labor 370000 Manufacturing overhead 709470 (18000*33.62)+(11.59*9000) Total manufacturing cost assigned $1,775,470 Job C-200 Direct Material $510,000 Direct Labor 470000 Manufacturing overhead 627100 (9000*33.62)+(11.59*28000) Total manufacturing cost assigned $1,607,100 ans 2c Bid Price Job D-70 (1775470*130%) $2,308,111 Job C-200 (1607100*130%) $2,089,230 ans 2d Cost of Good sold Job D-70 $1,775,470 Job C-200 $1,607,100 Cost of Good sold $3,382,570 If any doubt please comment