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 Fabrication 22,000 12,000 5 780,000 $ 240,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ Total 54,000 $1,020,000 1.50 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 $ 180,000 $420,000 13,000 22,000 9,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication. Total $ 260,000 $260,000 $520,000 $ 160,000 $ 240,000 $ 400,000 9,000 23,000 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-2007 d. What is Delph's cost of goods sold for the year? < Prev 80 of 6 Next