Exercise 2-15 (Static) 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 20.000 30.000 50.000 Fixed manufacturing overhead cost $ 700.000 $ 210.000 $ 900.000 Variable manufacturing overhead cost per machine-hour $ 3.005 1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70 Direct materials cost Directibor cost Machine-hours Molding Fabrication $ 375.000 $ 325.000 $ 700.000 $ 200,000 $150.000 $ 350.000 1.000 6.000 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 24000 30.000 Delph had no underapplied or overapplied manufacturing overhead during the year. References Section Break Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates: Job Costs |L02- LO2- 2. LO2-3. 02-4 10. Award: 1.50 points Exercise 2-15 (Static) Part 2 2. Assume Delph chooses to combine its departmental rates into 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 costs, what bid prices would it have established for Job D-70 and Job C-2002 d. What is Delph's cost of goods sold for the year