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2. 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

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2. 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: Machine-hours Molding Fabrication Total 26,000 36,000 62,800 Fixed manufacturing overhead costs $ 770,000 $ 220,000 Variable manufacturing overhead cost per machine-hour $ 990,000 $ 5.60 $ 5.60 5-50 ad 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: ak Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 378,000 $ 326,000 $ 704,000 $ 250,000 $ 150,000 $400,000 19,000 7,000 26,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 220,000 $ 300,000 $520,000 $ 130,000 $250,000 $380,000 7,000 29,000 36,000 ces Delph had no underapplied or overapplied manufacturing overhead during the year, 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D-70 and Job C 200 c. If Delph establishes bid prices that are 130% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-2002 d. What is Delph's cost of goods sold for the year? Required 2A Required 2B Required 2C Required 2D Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH per MH Required 2A Required 2B Required 2C Required 2D Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Total manufacturing cost Job D-70 Job C-200 Required 2A Required 2B Required 2C Required 2D If Delph establishes bid prices that are 130% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Bid price Job D-70 Job C-200 Required 2A Required 28 Required 2C Required 2D What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount.) Cost of goods sold

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