Smithson 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:

	Molding	Fabrication	Total
Machine-hours		24,000		34,000		58,000
Fixed manufacturing overhead costs	$	790,000	$	260,000	$	1,050,000
Variable manufacturing overhead per machine-hour	$	5.00	$	5.00

During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-75 and Job C-100. It provided the following information related to those two jobs:

Job D-75:	Molding	Fabrication	Total
Direct materials cost	$	378,000	$	324,000	$	702,000
Direct labor cost	$	240,000	$	170,000	$	410,000
Machine-hours		17,000		7,000		24,000

Job C-100:	Molding	Fabrication	Total
Direct materials cost	$	270,000	$	210,000	$	480,000
Direct labor cost	$	120,000	$	250,000	$	370,000
Machine-hours		7,000		27,000		34,000

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

7. value:

10.00 points Required information

Assume Smithson uses a plantwide overhead rate based on machine-hours.

Required:

1-a. Compute the predetermined plantwide overhead rate.(Round your answer to 2 decimal places.)

1-b. Compute the total manufacturing costs assigned to Job D-75 and Job C-100.(Round your intermediate calculations to 2 decimal places.)

1-c. If Smithson establishes bid prices that are 120% of total manufacturing costs, what bid price would it have established for Job D-75 and Job C-100?(Round your intermediate calculations to 2 decimal places.)

1-d. What is Smithson's cost of goods sold for the year?(Round your intermediate calculations to 2 decimal places.)