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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
Machine-hours
26,000
36,000
62,000
Fixed manufacturing overhead costs
$ 750,000
$ 260,000
$1,010,000
Variable manufacturing overhead cost per machine-hour
$ 5.40
Job D-70:
Direct materials
cost
$ 378,000
$ 322,000
$ 700,000
Direct labor cost
$ 240,000
$ 120,000
$ 360,000
17,000
9,000
Job C-200:
$ 230,000
$ 210,000
$ 440,000
$ 150,000
$ 410,000
27,000
Required: 1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours.
Question a. Compute the plantwide predetermined overhead rate.
Question b. Compute the total manufacturing cost assigned to Job 0-70 and Job C-ZOO.
Question 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 8-200?
Question d. What is Delph's cost of goods sold for the year?
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