Reference no: EM132463826

Delph Company uses ajob-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	$      5.40

Job D-70:	Molding	Fabrication	Total
Direct materials cost	$ 378,000	$   322,000	$ 700,000
Direct labor cost	$ 240,000	$   120,000	$ 360,000
Machine-hours	17,000	9,000	26,000
Job C-200:	Molding	Fabrication	Total
Direct materials cost	$ 230,000	$   210,000	$ 440,000
Direct labor cost	$ 150,000	$   260,000	$ 410,000
Machine-hours	9,000	27,000	36,000

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:

Question 1: Assume Delph uses departmental predetermined overhead rates based on machine-hours.

Question 2: Compute the departmental predetermined overhead rates. Compute the total manufacturing cost assigned to Job D-TD and Job C-2DO.

Question 3: If Delph establishes bid prices that are 130% of total manufacturing costs, what bid prices would it have established for Job D-7D and b C-EDO?

Question 4: What is Delph's cost of goods sold for the year?