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Delph 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 52,000 machine-hours would be required for the period's estimated level of production. It also estimated $960,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 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 following Information to enable calculating departmental overhead rates Molding 21,000 $ 720,000 $ 3.00 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine hour Fabrication 31,000 $ 240,000 $ 2.00 Total 52,000 $ 960,000 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 Sob 0.20 Holding Fabrication Total Direct materials cost $ 370,000 5 320,000 $ 690,000 Direct labor cost $240,000 $ 140,000 $ 380,000 Machine-hours 13,000 8.000 21,000 Job C200 Direct materials cost Direct labor cost Machine-hours Holding 5300,000 $ 120,000 0.000 Fabrication $ 300,000 $ 240,000 23,000 Total $ 600,000 $360,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year Required: 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours a. Compute the departmental predetermined overhead rates b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200 ci 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? Job C 200 Direct materials cost Direct labor cost Machine-hours Mading $ 300,000 $ 120,000 3,000 Pabration $ 300,000 5 240,000 23,000 Total $ 600,000 $ 160,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year 52.17 Required: 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a Compute the departmental predetermined overhead rates b. Compute the total manufacturing cost assigned to Job D 70 and Job C-200, ci 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? OK Complete the question by entering your answers in the tabs given below. Required 2A Required 20 Required 2c Required 2D Assume Delph uses departmental predetermined overhead rates based on machine hours. Compute the departmental predetermined overhead rates. (Round the final answers to 2 decimal places.) rences Predetermined Overhead Rates Molding Department Fabrication Department per MH per MH B 2A Required 28 > 20 Dob -200 Direct materials cast Direct labor cost Machine-hour's Molding 5 300,000 $ 120,000 3,000 Fabrication 5 300,000 $240,000 23,000 Total 600,000 $360,000 31,000 nt 2012 Delph had no underapplied or overapplied manufacturing overhead during the year 18 nts Required: 00: 5203 2. Assume Delph uses departmental predetermined overhead rates based on machine hours a. Compute the departmental predetermined overhead rates b Compute the total manufacturing cost assigned to Job D-70 and Job C 200 If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D70 and Job C-2002 d. What is Delph's cost of goods sold for the year? eBook Complete the question by entering your answers in the tabs given below. Files Required 2A Required 28 Required 2c Required 2D Print Assume Delph uses departmental 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 nearest whole dollar amount.) References Total Manufacturing Cost Job D-70 Job C-200 (Required 2A Required 2C> 20 Job C200 Direct materials cost Direct labor cost Machine-hours Molding $ 300,000 $ 120,000 3,000 Fabrication $ 300,000 $ 240,000 23.000 Total $ 600,000 $360,000 31,000 12 of 2 Delph had no underapplied or overapplied manufacturing overhead during the year. 9 ts Required: 005119 2. Assume Delph uses departmental predetermined overhead rates based on machine-hours a Compute the departmental predetermined overhead rates b. Compute the total manufacturing cost assigned to Job D 70 and Job C 200 ci 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-2002 d What is Delph's cost of goods sold for the year? cBook Complete the question by entering your answers in the tabs given below. Pres Required 2A Required 28 Required 2c Required 2D Print Assume Delph uses departmental predetermined overhead rates based on machine-hours. 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 (Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole doltar amount) References Bid price Job D-70 Job C 200 20 $ 140,000 Direct labor cost Machine-hours 5.240,000 13,000 3.000 $310.000 21.000 Tob 6200 Direct materials cost Direct labor cost Machine-hours Holding 5 300,000 $ 120,000 3,00 Fabrication $ 300,000 3.340,000 23,000 Total $ 600,000 $360,000 31,000 2 of 2 Delphi had no underapplied or overapplied manufacturing overhead during the year. 8 hits Required: 005114 2. Assume Delph uses departmental predetermined overhead rates based on machine hours a. Compute the departmental predetermined overhead rates 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 D70 and Job C-2002 d What is Delph's cost of goods sold for the year? Look Fies Complete the question by entering your answers in the tabs given below. Print Required 2A Required 26 Required 2C Required 2D 0 ferences Assume Delph uses departmental 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 nearest whole dollar amount.) Cost of goods wald