6 Seved At the beginning of the year, the company estimated that 55.000 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 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: Molding Yabrication Total Machine-hours 21,000 34.000 55,000 Fixed manufacturing overhead coat $70,000 Variable manufacturing overhead cont per chine-hour $ 240,000 $1,000,000 $14.00 $1.00 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 Job D-70 Direct materiale cost Direct Labor cost Machine-hour Molding $ 370,000 $ 220,000 15,000 Tabrication $320.000 $ 160,000 6,000 Total $ 690,000 $380,000 21.000 Job C-200 Molde Fantication Total Direct materials coat $ 260,000 $ 260,000 $ 520,000 Direct labor cost $ 140,000 $ 200.000 $430,000 Machine-hors 6.000 28.000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year 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 C200 C. Delphi establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C 2007 Prev 12 of 2 Next > MacBook Air Po 888 F3 . # 3 $ 4 % 5 a> 8 7 8 9 a 2 T! U O Y T E W R D G TI H j L un x C > V B M N E