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Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 29,000 $ 750,000 $ 5.40 Fabrication 39,000 $ 230,000 $ 5.40 Total 68,000
Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 29,000 $ 750,000 $ 5.40 Fabrication 39,000 $ 230,000 $ 5.40 Total 68,000 $ 980,000 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 $ 376,000 $ 322,000 $ 698,000 $ 230,000 $ 140,000 $ 370,000 22,000 7,000 29,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 200,000 $ 290,000 $ 490,000 $ 130,000 $ 270,000 $ 400,000 7,000 32,000 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 140% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200
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