[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 cost Variable manufacturing overhead cost per machine-hour Molding 22,000 $780,000 $4.00 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: Fabrication 32,000 $ 280,000 $ 1.50 Total 54,000 $ 1,060,000 Job D-70 Direct materials cost Molding $370,000 Direct labor cost Machine-hours Job C-200 $220,000 16,000 Fabrication $ 320,000 $ 160,000 Total $690,000 6,000 $380,000 22,000 Molding Fabrication Direct materials cost Direct labor cost $ 260,000 $ 120,000 $ 300,000 $240,000 Total $560,000 $360,000 Machine-hours 6,000 26,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 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-200.1 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 Delph's cost of goods sold for the year? < Prev 3 of 3 Next > Check