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 and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 22,000 $ 760,000 $ 4.00 Fabrication 31,000 $ 260,000 $ 1.00 Total 53,000 $ 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 Job C-200 Direct labor cost Molding $ 370,000 Fabrication $ 320,000 $ 160,000 $ 220,000 14,000 Molding 8,000 Fabrication Total $ 690,000 $ 380,000 22,000 Total Direct materials cost $ 200,000 Machine-hours $ 120,000 8,000 $ 260,000 $ 240,000 23,000 $ 460,000 $ 360,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year.