Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO21,LO22,LO23,LO24] [The following information applies to the questions displayed below] Deiph 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 manufecturing 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 foliowing information to enable caiculating departmental overhead rates 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: Delph had no underapplied or overapplied-manufacturing overhead during the year. 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours a. Compute the plantwide predetermined overhead rate b. Compure 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 jobc200 ? d. What is Delpb's cost of goods sold for the year? Answer is not complete. Complete the question by entering your answers in the tabs given below. Complete the question by entering your answers in the tabs given below. Assume Delph uses plantwide 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 the nearest whole dollar amount.) Complete the question by entering your answers in the tabs given below. 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.) Complete the question by entering your answers in the tabs given below. 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.)
