Exercise 2-15 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: Molding Fabrication Total Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 20,000 $ 700,000 50,000 210,000 910,000 30,000 $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: Direct materials cost 375,000 325,000 700,000 Direct labor cost Machine-hours Molding Fabrication Total 200,000 160,000 360,000 14,000 6,000 20,000 Job C-200: Direct materials cost 300,000 Direct labor cost Machine-hours Molding Fabrication Total 550,000 $ 175,000 225,000 400,000 30,000 250,000 6,000 24,000 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-200? d. What is Delph's cost of goods sold for the year