Required information Skip to question The following information applies to the questions displayed below 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 24,000 33,000 57,000 Fixed manufacturing overhead cost $ 740,000 $ 240,000 $ 980,000 Variable manufacturing overhead cost per machine hour $ 5 00 $ 2 00 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 $ 140,000 $ 340,000 Machine hours 14,000 10,000 24,000 Job C 200 Molding Fabrication Total Direct materials cost $ 200,000 $ 240,000 $ 440,000 Direct labor cost $ 160,000 $ 260,000 $ 420,000 Machine hours 10,000 23,000 33,000 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 If 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 200 d What is Delphs cost of goods sold for the year Complete the question by entering your answers in the tabs given below Required 1A Required 1B Required 1C Required 1D Assume Delph uses departmental predetermined overhead rates based on machine hours Compute the departmental predetermined overhead rates (Round the final answers to 2 decimal places )

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Required information Skip to question [The following information applies to the questions displayed below.] Delph Company uses a job-order costing system and has two manufacturing

Required information

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[The following information applies to the questions displayed below.]

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	24,000	33,000	57,000
Fixed manufacturing overhead cost	$ 740,000	$ 240,000	$ 980,000
Variable manufacturing overhead cost per machine-hour	$ 5.00	$ 2.00

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	$ 140,000	$ 340,000
Machine-hours	14,000	10,000	24,000

Job C-200	Molding	Fabrication	Total
Direct materials cost	$ 200,000	$ 240,000	$ 440,000
Direct labor cost	$ 160,000	$ 260,000	$ 420,000
Machine-hours	10,000	23,000	33,000

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. If 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-200?

d. What is Delphs cost of goods sold for the year?

Complete the question by entering your answers in the tabs given below.

Required 1A
Required 1B
Required 1C
Required 1D

Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.)