Smithson 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:

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-Order Costing

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

Required:

1. Assume Smithson uses a plantwide overhead rate based on machine-hours.
2. Compute the predetermined plantwide overhead rate.
3. Compute the total manufacturing costs assigned to Job D-75 and Job C-100.
4. If Smithson establishes bid prices that are 150% of total manufacturing costs, what bid
5. price would it have established for Job D-75 and Job C-100?
6. What is Smithson's cost of goods sold for the year?