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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

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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 Total Fabrication 32,000 52,000 $ 300,000 $ 1.50 $ 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 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $370,000 $ 200,000 16,000 Holding $260,000 $ 140,000 Fabrication $ 320,000 $ 140,000 4,000 Total $690,000 $340,000 20,000 Total $460,000 Fabrication $ 200,000 $ 280,000 4,000 20,000 $420,000 32,000 Delnh had no underannlied or overannlied manufacturinn overhead during the year Direct materials cost Direct labor cost Machine-hours $370,000 $ 200,000 16,000 $320,000 $ 140,000 4,000 Fabrication Job C-200 Molding Direct materials cost $ 260,000 $ 200,000 Direct labor cost $ 140,000 Machine-hours 4,000 $ 280,000 28,000 $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 2 Required: 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours... a. Compute the departmental predetermined overhead rates. 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 cost, 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 2A Required 28 Required 2C Required 2D

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