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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

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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:

MoldingFabricationTotalMachine-hours22,00031,00053,000Fixed manufacturing overhead costs$700,000$300,000$1,000,000Variable manufacturing overhead cost per machine-hour$3.00$1.00

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:MoldingFabricationTotalDirect materials cost$370,000$320,000$690,000Direct labor cost$220,000$120,000$340,000Machine-hours16,0006,00022,000

Job C-200:MoldingFabricationTotalDirect materials cost$220,000$200,000$420,000Direct labor cost$180,000$220,000$400,000Machine-hours6,00025,00031,000

Delph had no underapplied or overapplied manufacturing overhead during the year.

rev: 07_13_2020_QC_CS-217627, 09_05_2020_QC_CS-224324

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 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delph's cost of goods sold for the year

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