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 Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Holding Fabrication Total 23,000 32,000 55,000 $ 740,000 $260,000 $1,000,000 $ 3.00 $ 1.00 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 0.70 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 320,000 $ 690,000 $ 220,000 $120,000 $340,000 15,000 3,000 23,000 Job C-2003 Direct materials cost Direct labor cost Machine hours Holding Fabrication Total $ 200,000 $300,000 $500,000 $100,000 $100,000 $400,000 8.000 24,000 32,000 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 150% 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? Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Reduired 2C Required 20 Compute the departmental predetermined overhead rates, (Round the final answers to 2 decimal places.) Pre determined overhead rates Molding Department Fabrication Department per MH Complete the question by entering your answers in the tabs given below. 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 Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2c Required 2D Il 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-2007 (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 Complete the question by entering your answers in the tabs given below. Required 2A Required 26 Required 20 | Required 20 What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Cost of goods sold
