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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

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 34,000 58,000
Fixed manufacturing overhead costs $ 710,000 $ 240,000 $ 950,000
Variable manufacturing overhead cost per machine-hour $ 5.40 $ 5.40

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 $ 328,000 $ 698,000
Direct labor cost $ 230,000 $ 130,000 $ 360,000
Machine-hours 18,000 6,000 24,000

Job C-200: Molding Fabrication Total
Direct materials cost $ 280,000 $ 240,000 $ 520,000
Direct labor cost $ 160,000 $ 290,000 $ 450,000
Machine-hours 6,000 28,000 34,000

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

Required:

1. Assume Delph uses 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 140% of total manufacturing cost, 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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