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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 29,000 39,000 68,000
Fixed manufacturing overhead costs $ 730,000 $ 270,000 $ 1,000,000
Variable manufacturing overhead cost per machine-hour $ 6.10 $ 6.10

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 $ 373,000 $ 323,000 $ 696,000
Direct labor cost $ 230,000 $ 160,000 $ 390,000
Machine-hours 19,000 10,000 29,000

Job C-200: Molding Fabrication Total
Direct materials cost $ 230,000 $ 300,000 $ 530,000
Direct labor cost $ 120,000 $ 270,000 $ 390,000
Machine-hours 10,000 29,000 39,000

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 120% 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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