2, LO2-3, LO2-4] Departmental Predetermined [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 $1,000,000 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 $280,000 $ 1.50 Total 54,000 $1,000,000 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 Direct materials cost Direct labor cost Machine-hours Molding $370,000 Fabrication $220,000 16,000 $320,000 $180,000 7,000 Total $690,000 $ 400,000 23,000 Job C-200 Molding Direct materials cost $220,000 Direct labor cost $ 120,000 Machine-hours Total $440,000 $420,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication $220,000 $300,000 7,000 24,000