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 $920,000 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 23,000 Fabrication 31,000 $ 200,000 $ 2.00 $ 720,000 $4.00 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: Total 54,000 $920,000 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 23,000 $ 720,000 $ 4.00 Fabrication 31,000 $ 200,000 $ 2.00 Check my work 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-78 Direct materials cost Direct labor cost Machine-hours Molding $370,000 Fabrication $ 320,000 $ 160,000 9,000 $220,000 14,000 Molding Total $690,000 $380,000 23,000 Total 54,000 $920,000 Job C-280 Fabrication Direct materials cost $ 240,000 Direct labor cost $ 160,000 $ 240,000 $ 260,000 Machine-hours 9,000 22,000 Total $ 480,000 $420,000 31,200 Delph had no underapplied or overapplied manufacturing overhead during the year. 9 < Prev 5 of 9 Next > 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 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 Assume Delph uses departmental predetermined overhead rates based on machine hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) 2 of 2 Complete the question by entering your answers in the tabs given below. Required 2A Required 28 Required 2C Required 2D Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) Molding Department Predetermined Overhead Rates per MH Fabrication Department per MH Reqaret 2 Required 2B Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 2D Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Job D-70 Job C-200 Total Manufacturing Cost Complete the question by entering your answers in the tabs given below. Required ZA Required 28 Required 2C Required 2D Assume Delph uses departmental predetermined overhead rates based on machine-hours. 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? (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.) Job D-70 Job C-200 Bid price < Required 2B Required 2D >