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Smithson Company uses a job-order costing system and has two manufocturing dep g and Fabrication. The company provided the following estimates ot the beginning of the year Molding Fabrication Totel 8,000 $ 800,000 $ 270,000 1.070.000 24.000 34.000 Fixed manufacturing overhead costs Verleble manufacturing overhead per machine-hour 500 500 During the year, the company had no beginning or ending inventories and it stated. Completed and sold only t jobs oD-75 and Job C-10 lt provided the following n ormation elated to those two oos: Job D-75: Direct materials cost Direct labor cost Mochine-hours $ 371.000 $ 325.000 696.000 240,000 $ 170 000 410,000 24.000 7.000 00O Job C-100 Direct moterials cost Direct labor cos Machine-hours $ 270000 $ 150,000 7000 210,000 $ 480000 260,000 $410,000 27000 34.00) Smithson hed no overapplied or underapplied manufocturing overhead during the yeor alue 2.50 points Required information Assume Smithson uses departmental overhead rates based on machine-hours 2-a. Compute the predetermined departmental overhead rates (Round your answer to 2 decimal places.) Activate Windows Molding Department to Settings to activate Windows 2-b. Compute the total manufacturing costs assigned to Job D-75 and Job C-100. (Round your intermediate calculations to 2 decimal places.) manufacturing cost Job D-T ob C-100 2 . 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 1007 Round your intermediate calculations to 2 decimal places. Bid price Job 0-75 ob C-100 2-d. What is Smithson's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.) gold

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