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Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs LO2-1, LO2-2, LO2-3,102-4) [The following information applies to the questions displayed below.) Delph Company uses

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Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs LO2-1, LO2-2, LO2-3,102-4) [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: Molding Fabrication Total Machine-hours 20,000 30,000 50,000 Fixed manufacturing overhead costs $ 700,000 $ 210,000 $ 910,000 Variable manufacturing overhead cost per machine-hour 3.00 $ 1.00 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: Job D-70: Molding Fabrication Total Direct materials cost $375,000 $ 325,000 $ 700,000 Direct labor cost $ 200,000 $ 160,000 $360,000 Machine-hours 14,000 6,000 20,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 250,000 $550,000 $ 175,000 $ 225,000 $400,000 6,000 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 Part 1 Required: 1. Assume Delph uses a plantwide predetermined overhead rate 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 cost, what bid prices would it have established for Job D-70 and Job C-2007 d. What is Delph's cost of goods sold for the year? Required 1A Required 1B Required 1c Required 1D Assume Delph uses a plantwide predetermined overhead rate based on predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Required 1A Requir aw MAY 27 Required 1A Requirai 1B Required 10 Required 1D Assume Delph uses a plantwide predetermined overhead rate cost assigned to Job D-70 and Job C-200. Total manufacturing cost Job D-70 Job C-200

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