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[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
[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 coat Variable manufacturing overhead coat per machine-hour Molding Fabrication Total 21,000 30,000 51,000 $760,000 $ 200,000 $960,000 $ 4.00 $ 2.00 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: Job D-70 Molding Fabrication Total Direct materials coat $370,000 $320,000 $690,000 Direct labor cont $220,000 $160,000 $80,000 Machine-hours 13,000 8.000 21,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Holding Fabrication Total $240,000 220,000 $460,000 $180,000 240,000 $420,000 8,000 22,000 30,000 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 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-2007 d. What is Delph's cost of goods sold for the year
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