[The following information applies to the questions displayed below.] Delph 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 cost $ 720,000 $ 260,000 $ 980,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.50 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob 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 $ 370,000 $ 320,000 $ 690,000 Direct labor cost $ 240,000 $ 180,000 $ 420,000 Machine-hours 16,000 8,000 24,000 Job C-200 Molding Fabrication Total Direct materials cost $ 300,000 $ 220,000 $ 520,000 Direct labor cost $ 180,000 $ 260,000 $ 440,000 Machine-hours 8,000 26,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year. rev: 07_21_2020_QC_CS-217627, 09_03_2020_QC_CS-225692 Required: 1. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delphs cost of goods sold for the year?

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predetermined overhead rates

Molding Departmants $33 per MH

Fabrication Departmants 9.147058824 per MH = 9.15

Total Manufacturing Cost

JOB D-70 ?

Job C-200 ?

Bid Cost JOB D-70 ?

Job C-200 ?

Cost of Goods Sold 3,173,000

"The answer I have given is correct; I have verified it" I am asking this question a second time the first time I asked this question, the expert gave the wrong answer. Here is the solution from the first expert

Req 1a: Predetermined overhead rates Molding Department $33.00 perMH Fabrication Department $12.33 perMH Note 1: Molding Fabrication Fixed manufacturing Overhead cost ---(a) $720,000 $260,000 Variable Overhead Rate $3.00 $1.50 Multiplied by Machine hours $24,000 $24,000 Total Variable overhead Cost -----(b) $72,000 $36,000 Total estimated manufacturing OH (a+b) $792,000 $296,000 Divide by: Estimated total machine-hours $24,000 $24,000 Predetermined overhead rate $33.00 $12.33 Step 2/3 Req 1b: Totalmanufacturingcost Job D-70 $1,736,640 Job C-200 $1,544,580 Note 2:Manufacturing cost assigned to Job D-70 and Job C-200 Job D-70 Job C-200 Direct Material $690,000 $520,000 Direct labor $420,000 $440,000 Molding Department: (16000 MHs $33 per MH; 8000 MHs $33 per MH) $528,000 $264,000 Fabrication Department: (8000 MHs $12.33 per MH; 26000 MHs $12.33 per MH) $98,640 $320,580 Total manufacturing cost assigned $1,736,640 $1,544,580 Step 3/3 Req 1c: BidPrice Job D-70 $2,604,960 Job C-200 $2,316,870 Note 3: Bid prices for Jobs Job D-70 Job C-200 Total manufacturing cost (a) $1,736,640 $1,544,580 Markup percentage (b) 150% 150% Bid price (a) (b) $2,604,960 $2,316,870 1)-d Cost of goods sold $3,281,220 (As we know there is no beginning and ending inventory, further all jobs were started, completed and sold, hence our total manufacturing cost assigned to both Jobs would be the cost of goods sold.) (1736640 + 1544580) Final answer Req 1a: Predetermined overhead rates Molding Department $33.00 perMH Fabrication Department $12.33 perMH Req 1b: Totalmanufacturingcost Job D-70 $1,736,640 Job C-200 $1,544,580 Req 1c: BidPrice Job D-70 $2,604,960 Job C-200 $2,316,870 1)-d Cost of goods sold $3,281,220