[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		31,000		41,000		72,000
Fixed manufacturing overhead costs	$	720,000	$	250,000	$	970,000
Variable manufacturing overhead cost per machine-hour	$	5.80	$	5.80

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	$	380,000	$	328,000	$	708,000
Direct labor cost	$	220,000	$	130,000	$	350,000
Machine-hours		23,000		8,000		31,000

Job C-200:	Molding		Fabrication		Total
Direct materials cost	$	280,000	$	240,000	$	520,000
Direct labor cost	$	160,000	$	290,000	$	450,000
Machine-hours		8,000		33,000		41,000

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

Required:

1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours.

a. Compute the plantwide predetermined overhead rate.

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?

Required information (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 costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 31,000 41,000 $ 720,000 $ 250,000 5.80 $ 5.80 Total 72,000 $ 970,000 $ 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: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 380,000 $ 328,000 $ 708,000 $ 220,000 $ 130,000 $ 350,000 23,000 8,000 31,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 240,000 $ 520,000 $ 160,000 $ 290,000 $ 450,000 8,000 33,000 41,000 Delph had no underapplied or overapplied manufacturing overhead during the year