Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabr

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 21,000 Fabrication Total Machine-hours 31,000 280,000 1.060,000 52,000 $ $780,000 Fixed manufacturing overhead costs $ 5.20 $ Variable manufacturing overhead per machine-hour 5.20 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 $ 378,000 $ 325,000 $703,000 210,000 $ 140,000 $ 350,000 Job D-70: Fabrication Total Direct materials cost Direct labor cost Machine-hours 15,000 6,000 21,000 Molding $ 290,000 $ 270,000 $560,000 $100,000 $250,000 $350,000 Job C-200: Fabrication Total Direct materia ls cost Direct labor cost 31,000 Machine-hours 6,000 25,000 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 20.38 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 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.) price Job D-70 Job C-200 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 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 per MH Fabrication Department 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 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.) Bid price Job D-70 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

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