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 52,000 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 $3.00 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 20,000 $ 720,000 $ 3.00 Fabrication Total 32,000 $ 300,000 $ 1.50 52,000 $ 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 Direct labor cost Machine-hours Molding $370,000 $ 200,000 16,000 Fabrication $ 320,000 $140,000 4,000 Fabrication Job C-200 Molding Direct materials cost $ 260,000 Direct labor cost Machine-hours $ 140,000 4,000 $ 200,000 $ 280,000 28,000 Total $690,000 $340,000 Total 20,000 $ 460,000 $420,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Job D-70 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 200,000 16,000 Fabrication $ 320,000 $ 140,000 4,000 Fabrication Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 260,000 $ 140,000 4,000 $ 200,000 $ 280,000 28,000 Total $ 690,000 $ 340,000 20,000 Total $ 460,000 $ 420,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 1 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. c. 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? Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1C Required 1D