2 Part 1 of 2 10 polets P Bences Required information 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 $1,020,000 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 Kachine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Holding 22.000 $760,000 $4.00 Fabrication 32,000 $260,000 $1.50 54,000 1,020,000 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 Molding $370,000 Fabrication Total $320,000 Direct labor cost $200,000 $140,000 $690,000 $340,000 Hachine-hours 15,000 7,000 22,000 Job C-200 Molding Direct materials cost $ 280,000 Direct labor cost) $120,000 Machine-hours $500,000 $365,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Fabrication 220,000 Total $240,000 7,000 21,000 Check my work