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Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication.
Required Information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year. Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 23,80 $ 780,000 $ 3.80 Fabrication 31,080 $ 300, eee $ 1.89 Total 54,689 $1,080,000 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-7e: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,eee $ 320,eee $ 690,000 $ 220,00 $ 180, eee $ 480,eee 13,000 10,080 23, eee Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 260,000 $260,80 $ 520,000 $ 160,00 $ 280, 280 $ 440,000 10,000 21, eee 31, eee 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 Delph's cost of goods sold for the year
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