1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours.

a. Compute the plantwide predetermined overhead rate.

b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.

c. If Delph establishes bid prices that are 140% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200?

d. What is Delphs cost of goods sold for the year?

Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4] [The following information applies to the questions displayed below.] 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 29,000 790,000 $ Total Machine-hours 39,000 $ 290,000 5.80 68,000 $1,080,000 Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 5.80 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: Job D-70 Molding Fabrication $ 374,000 329,000 $ 703,000 $ 240,000 170,000 $ 410,000 9,000 Total Direct materials cost Direct labor cost Machine-hours 29,000 20,000 Molding Fabrication $ 220,000 $ 290,000 $ 110,000 $ 290,000 $ 400,000 9,000 Total Job C-200: $ 510,000 Direct materials cost Direct labor cost Machine-hours 30,000 39,000 Delnh had no underannlied or overannlied manufacturina overhead durina the vear