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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: Molding Fabrication Total 56,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 23,000 $ 780,000 33,000 290,000 $1,070,000 $ 5.80 5.80 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 Molding Fabrication Total Job D-70: Direct materials cost $370,000 $ 330,000 Direct labor cost Machine-hours 700,000 360,000 23,000 $220,000 $ 140,000 8,000 15,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total 240,000 220,000 460,000 $ 140,000 $ 290, 000 430,000 33,000 8,000 25,000 Delph had no underapplied or overapplied manufacturing overhead during the year.

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 130% 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?

2. 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 130% of total manufacturing costs, 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?

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