Required information

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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 20,000 30,000 50,000

Fixed manufacturing overhead cost $ 700,000 $ 210,000 $ 910,000

Variable 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: Molding Fabrication Total

Direct materials cost $ 375,000 $ 325,000 $ 700,000

Direct labor cost $ 200,000 $ 160,000 $ 360,000

Machine-hours 14,000 6,000 20,000

Job C-200: Molding Fabrication Total

Direct materials cost $ 300,000 $ 250,000 $ 550,000

Direct labor cost $ 175,000 $ 225,000 $ 400,000

Machine-hours 6,000 24,000 30,000

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 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?

AmnitATha tntaimaniitactIPInA CAet seeinnantnitAn Ean iAN HM Required information .what is Deipn's cost ot goods sold tor the year Complete the questlon by entering your answers In the tabs glven below. Req 1A Req 1B Req 1C Req 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Req 1B Prev 3 4 of 5 Next