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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

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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. Molding Fabrication Total Machine-hours 21,000 31,000 52,000 Fixed manufacturing overhead coat $ 740,000 $ 280,000 $ 1,020,000 Variable manufacturing over head cost per machine-hour $ 4.00 $ 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 D-70 Molding Fabrication Total Direct materials cost $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 220,000 $ 140,000 $360,000 Machine-hours 16,000 5.000 21,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 220,000 $ 140,000 5,000 Fabrication $ 200,000 $ 240,000 26,000 Total $ 420,000 $ 380,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. 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. 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-2002 d. What is Delph's cost of goods sold for the year

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