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Required information [The following information applies to the questions displayed below] Delph Company uses ajob-order costing system and has two manufacturing departmentsMolding and Fabrication. The
Required information [The following information applies to the questions displayed below] Delph Company uses ajob-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 Machinehours 20,000 30,000 50,000 Fixed manufacturing overhead cost $ 700,000 $ 210,000 $ 910,000 Variable manufacturing overhead cost per machinehour $ 3.00 $ 1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs Job D7O and Job C200. It provided the following information related to those two jobs: Job D70: Molding Fabrication Total Direct materials cost $ 375,000 $ 325,000 $ 700,000 Direct labor cost $ 200,000 $ 160,000 $ 360,000 Machinehours 14,000 6,000 20,000 Job CZOO: Molding Fabrication Total Direct materials cost $ 300,000 $ 250,000 $ 550,000 Direct labor cost $ 175,000 $ 225,000 $ 400,000 Machinehours 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. . Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on machinehours. . Compute the plantwide predetermined overhead rate. . Compute the total manufacturing cost assigned to Job D-70 and Job C-200. . If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D7O and ob CZOO'? . What is Delph's cost of goods sold for the year
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