Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 52,000 machine-hours would be required for the periods estimated level of production. It also estimated $1,000,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per machine-hour. Because Delph has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Molding Fabrication Total Machine-hours 20,000 32,000 52,000 Fixed manufacturing overhead cost $ 800,000 $ 200,000 $ 1,000,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.50 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 $ 320,000 $ 690,000 Direct labor cost $ 200,000 $ 180,000 $ 380,000 Machine-hours 16,000 4,000 20,000 Job C-200 Molding Fabrication Total Direct materials cost $ 220,000 $ 200,000 $ 420,000 Direct labor cost $ 120,000 $ 280,000 $ 400,000 Machine-hours 4,000 28,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required

: 1. Assume Delph uses plantwide predetermined overhead rates 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 costs, 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?

PLEASE ANSWER PART B OTHER PARTS SOLVED

Answer 1. 22.23

Answer 3 2271900 JOB D

2297040 JOB C

Answer 4 COGS 3045960