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Smithson Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year:

	Molding		Fabrication		Total
Machine-hours		28,000		38,000		66,000
Fixed manufacturing overhead costs	$	710,000	$	290,000	$	1,000,000
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 jobsJob 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	$	372,000	$	322,000	$	694,000
Direct labor cost	$	240,000	$	160,000	$	400,000
Machine-hours		18,000		10,000		28,000

Job C-100:	Molding		Fabrication		Total
Direct materials cost	$	270,000	$	260,000	$	530,000
Direct labor cost	$	140,000	$	280,000	$	420,000
Machine-hours		10,000		28,000		38,000

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

Assume Smithson 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.)p

1-b. Compute the total manufacturing costs assigned to Job D-75 and Job C-100. (Round your intermediate calculations to 2 decimal places.)

1-c. 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? (Round your intermediate calculations to 2 decimal places.)

1-d. What is Smithsons cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places.)

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