The Alliance For Global Education Operations And Supply Chain Management Assignment Help - Machine-hours

Question - Smithson 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 25,000 35,000 60,000
Fixed manufacturing overhead costs $ 710,000 $ 270,000 $ 980,000
Variable manufacturing overhead per machine-hour $ 5.00 $ 5.00

During the year, the company had no beginning or ending inventories and it started, completed, and
sold only two jobs"Job D-75 and Job C-100. It provided the following information related to those two
jobs:
Job D-75: Molding Fabrication Total
Direct materials cost $ 375,000 $ 324,000 $ 699,000
Direct labor cost $ 220,000 $ 180,000 $ 400,000
Machine-hours ...Read More 18,000 7,000 25,000

Job C-100: Molding Fabrication Total
Direct materials cost $ 210,000 $ 270,000 $ 480,000
Direct labor cost $ 160,000 $ 260,000 $ 420,000
Machine-hours 7,000 28,000 35,000


Smithson had no overapplied or underapplied manufacturing overhead during the year.

-Compute the total manufacturing costs assigned to Job D-75 and Job C-100.
-

If Smithson establishes bid prices that are 120% of total manufacturing costs, what bid price would it
have established for Job D-75 and Job C-100?
-What is Smithson's cost of goods sold for the year? ...Read Less

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