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Delph Company uses ajoborder costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:
Delph Company uses ajoborder costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year: Molding Fabrication Total Machinehours 20,000 30,000 50,000 Fixed manufacturing overhead cost $ 700,000 $ 210,000 $ 910,000 Variable manufacturing overhead cost per machinehour $ 3.00 $ 1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs Job D-7O and Job C-200. It provided the following information related to those two jobs: Job D70: Molding Fabrication Total Direct materials cost $ 375,000 $ 325,000 $ 700,000 Direct labor cost $ 200,000 $ 160,000 $ 360,000 Machinehours 14,000 6,000 20,000 Job C2 00: Molding Fabrication Total Direct materials cost $ 300,000 $ 250,000 $ 550,000 Direct labor cost $ 175,000 $ 225,000 $ 400,000 Machinehours 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. equired: . Assume Delph uses departmental predetermined overhead rates based on machine-hours . Compute the departmental predetermined overhead rates. . Compute the total manufacturing cost assigned to Job D7O and Job C200. . If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-7O and ob CZOO? . What is Delph's cost of goods sold for the year
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