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 Machine-hours 26,000 Fixed manufacturing overhead costs $ 750,000 Variable manufacturing overhead per machine-hour $ 5.70 Fabrication 36,000 250,000 $ Total 62,000 $ 1,000,000 $ 5.70 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 $ 371,000 $329,000 $ 700,000 Direct labor cost $ 230,000 $ 180,000 $ 410,000 Machine-hours 17,000 9,000 26,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 220,000 $250,000 $ 470,000 $ 140,000 $260,000 $ 400,000 9.000 27,000 36,000 Delph had no overapplied or underapplied manufacturing overhead during the year. value: 20.00 points Assume Delph 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.) Predetermined overhead rate $ 21.83 per MH 1-b. Compute the total manufacturing costs assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places.) Total manufacturing cost $ 1,677,555 $ 1,655,845 Job D-70 Job C-200 1-c. If Delph establishes bid prices that are 120% of total manufacturing costs, what bid price would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places.) Job D-70 Job C-200 Bid price $ 2,013,066 $ 1,987,014 1-d. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.) Cost of goods sold $ 3,333,400 Assume Delph uses departmental overhead rates based on machine-hours. 2-a. Compute the predetermined departmental overhead rates. (Round your answer to 2 decimal places.) Predetermined overhead rates Molding Department $ 34.55 per MH Fabrication Department $ 12.64 per MH 2-b. Compute the total manufacturing costs assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places.) Total manufacturing cost $ 1,811,085 $ 1,522,315 Job D-70 Job C-200 2-c. If Delph establishes bid prices that are 120% of total manufacturing costs, what bid price would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places.) Job D-70 Bid price $ 2,173,3021 $ 1,826,778 Job C-200 2-d. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.) Cost of goods sold $ 3,333,400
