Answer Happy

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 cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost. Direct labor cost. Machine-hours Molding $ 370,000 $ 220,000 16, 000 Molding 25,000 $ 780,000 $ 4.00 Fabrication. $ 320,000 $ 160,000 9,000 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: Total $ 690,000 $ 380,000 25, 000 Job C-200 Fabrication $ 280,000 Direct materials cost Molding $ 260,000 $140,000 9,000 Direct labor cost. Machine-hours $ 260,000 25,000 $ 400,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication 34,000 $ 240,000 $ 2.00 Total $540,000 Total Required: 1. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. 59,000 $ 1,020, 000 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 Delph's cost of goods sold for the year?