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 31,890 $760,800 $ 5.50 Fabrication 41,800 $ 250,880 $ 5.50 Total 72,890 $1,812, e88 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-78: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 379,880 $ 326,880 $ 696,880 $ 240,00 $ 140,00 $ 388,888 24,800 7,800 31,800 Job C-208: Direct materials cost Direct labor cost Machine-hours Molding Fabrication $ 250,eee $ 280,00 $ 179,999 $ 268,890 7,880 34,880 Total $ 539,800 $430,800 41,880 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 130% 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? Complete the question by entering your answers in the tabs given below. Reg 14 Reg 1B Reg 10 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 | Reqs Req 1B Complete the question by entering your answers in the tabs given below. Reg 14 Reg 1B Reg 10 Req 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Round your intermediate calculations to 2 decimal places. Total manufacturing cost Job D-70 Job C-200 Complete the question by entering your answers in the tabs given below. Reg 1A Reg 1B Reg 10 Req 1D Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. If Delph establishes bid prices that are 130% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places.) Bid price Job D-70 Job C-200 Complete the question by entering your answers in the tabs given below. Reg 1A Reg 1A Req 18 Reg 1C Reg 1C Reg 1D Reg 10 Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.) Cost of goods sold
