1of2 Exercise 2-15 (Algo) 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 with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 54,000 machine-hours would be required for the period's estimated level of production. It also estimated $920,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour, Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 23,000 $ 720,000 $4.00 Fabrication 31,000 $ 200,000 $ 2.00 Total 54,000 $ 920,000 4 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 23,000 $ 720,000 $ 4.00 Fabrication 31,000 $ 200,000 $ 2.00 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: Total 54,000 $ 920,000 23,000 Job D-78 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $220,000 14,000 Fabrication Total $ 320,000 $ 160,000 9,000 $ 690,000 $380,000 Job C-200 Molding Fabrication Direct materials cost $ 240,000 Direct labor cost Machine-hours $ 160,000 9,000 $ 240,000 $ 260,000 22,000 Total $ 480,000 $420,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Part 1 of 2 2 points Required: 1. Assume Delph uses plantwide predetermined overhead rates 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 if Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D 70 and Job C-200? d. What is Delph's cost of goods sold for the year? Answer is not complete. Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 1C Required 10 Part 1 of 2 2 points Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 1C Required 10 Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Job D-70 Job C-200 Total Manufacturing Cost 12 Required into Complete the question by entering your answers in the tabs given below. Required 1A Required 18 Required 1C Required 1D Assume Delph uses plantwide predetermined overhead rates based on machine-hours. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Bid Price Job D-70 Job C-200 Required information Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C Requid 10 Assume Delph uses plantwide predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to the nearest whole dollar amount.) Cost of goods sold Required 1C