Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company...

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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 Molding 22,000 $ 760,000 Fabrication 32,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ $ 220,000 2.00 Total 54,000 $980,000 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 D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $320,000 $690,000 $ 240,000 $160,000 $400,000 16,000 6,000 22,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $300,000 $ 240,000 $540,000 $ 160,000 $220,000 $380,000 26,000 32,000 6,000 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 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year? 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 Molding 22,000 $ 760,000 Fabrication 32,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ $ 220,000 2.00 Total 54,000 $980,000 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 D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $320,000 $690,000 $ 240,000 $160,000 $400,000 16,000 6,000 22,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $300,000 $ 240,000 $540,000 $ 160,000 $220,000 $380,000 26,000 32,000 6,000 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 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year?