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: Molding Fabrication Total Machine-hours 26,000 36,880 62,000 Fixed manufacturing overhead costs $ 770,000 $220,000 $ 990,000 Variable nanufacturing overhead cost per machine-hour $ 5.60 $ 5.60 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-70: Molding Fabrication Total Direct materials cost $ 378,000 $ 326,000 $ 704,000 Direct labor cost $ 250,000 $ 150,000 $400,000 Machine-hours 19,000 7,000 26,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 220,000 $ 300,000 $520,000 $ 130,000 $ 250,000 $380,000 7,000 29,000 36,000 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. Cif 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-2002 d. What is Delph's cost of goods sold for the year? Required 1A Required 10 Required 1C Required 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 Required 1A Required 1B Required 1C Required 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 Required 1A Required 1B Required 1C Required 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-2007 (Round your intermediate calculations to 2 decimal places.) Bid price Job D-70 Job C-200 Required 1A Required 18 Required 1c Required 1D 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
