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 $22,00031,00053,000$

Fixed manufacturing overhead cost $ $720,000$ $ $260,000$ $ $980,000$

Variable manufacturing overhead cost per machine$-$hour $ $3\mathrm{.}00$ $ $1\mathrm{.}50$

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob 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 $ $200,000$ $ $160,000$ $ $360,000$

Machine$-$hours $17,0005,00022,000$

Job C$-200$ Molding Fabrication Total

Direct materials cost $ $240,000$ $ $220,000$ $ $460,000$

Direct labor cost $ $140,000$ $ $280,000$ $ $420,000$

Machine$-$hours $5,00026,00031,000$

Delph had no underapplied or overapplied manufacturing overhead during the year.

Exercise $2-15($Algo$)$ Part $2$

$2.$ 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?

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