1.2 Job Cost 20 pointsl Zavala 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 Total Molding Fabrication 30,000 Machine-hours 20,000 50,000 $800,000 $ 300,000 1,100,000 Fixed manufacturing overhead costs Variable manufacturing overhead per machine -hour $ During the year, the company had no beginning or ending inventories and it started, completed and sold only two jobs- Job ABC and Job XYZ. It provided the following information related to those jobs: Molding Fabrication OB ABC Direct Materials375,000 $ Direct Labor Cost 200,000 1 Machine Hours Total 325,000 700,000 160,000 360,000 20,000 15,000 5,000 Molding Fabrication Total JOB XYZ Direct Materials 300,000 225,000 25,000 400,000 30,000 Machine-Hours 5,000 Zavala had no overapplied or underapplied manufacturing overhead during the year a. Assume Zavala uses a plantwide overhead rate based on machine-hours a. Compute the predetermined plantwide overhead rate b. Compute the total manufacturing cost assigned to Job ABC and Job XYZ c. If Zavala establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for Job ABC and Job XYZ? d. What is Zavala's cost of goods sold for the year? b. Assume Zavala uses departmental overhead rates based on machine-hours a. b. c. Compute the predetermined departmental overhead rates Compute the total manufacturing costs assigned to Job ZBC and Job XYZ If Zavala establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for Job ABC and Job XYZ? What is Zavala's cost of goods sold for the year? d