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.1 Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide

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.1 Assume Delph chooses to combine its departmental rates from requirement 1 into 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 costs, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delphs cost of goods sold for the year?

Required information [The following information applies to the questions displayed below.] 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 24,000 31,000 55,000 Fixed manufacturing overhead cost $ 780,000 $ 280,000 $ 1,060,000 Variable manufacturing overhead cost per machine-hour $ 5.00 $ 1.50 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 $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 220,000 $ 180,000 $ 400,000 Machine-hours 14,000 10,000 24,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 260,000 $ 180,000 10,000 Fabrication $ 240,000 $ 300,000 21,000 Total $ 500,000 $ 480,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year

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