Required information

[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-hours28,00038,00066,000Fixed manufacturing overhead costs$790,000$280,000$1,070,000Variable manufacturing overhead cost per machine-hour$5.30$5.30

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$376,000$324,000$700,000Direct labor cost$240,000$180,000$420,000Machine-hours19,0009,00028,000

Job C-200:MoldingFabricationTotalDirect materials cost$290,000$270,000$560,000Direct labor cost$140,000$270,000$410,000Machine-hours9,00029,00038,000

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

2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.

a. Compute thedepartmentalpredetermined 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 120% of total manufacturing costs, 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?