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Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO22, LO2-3, LO2-4] [The following information applies to the questions displayed below] Delph

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Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO22, 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 53,000 machine-hours would be required for the period's estimated level of production. It also estimated $940,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $5.00 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: During the year, the company had no beginning or ending inventories and it started, completed, and sold only fwo jobs Job D-70 and Job C.200. It provided the following informotion related to those two jobs: Delph had no underapplied or overapplied manufocturing overhead duning the year. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Assume Delph uses plantwide predetermined overhead rates based on machine-hours, Compute the total manufacturing cost assigned to 30b D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.) 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.) 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.)

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