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please help Required Information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates: Job Costs [LO 2-1. LO2- 2. LO2-3. L02-4) [The following information applies
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Required Information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates: Job Costs [LO 2-1. LO2- 2. LO2-3. L02-4) [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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding Fabrication 23.02 33,ese $899, ege $ 268,888 $ 3.ee $ 1.ee Total 56, ese $1,060,000 During the year, the company had no beginning or ending inventories and it started, completed, and sold only twojobs- Job D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,ege $ 320,ege $690.00 $ 220,ese $ 160,ese $382.eee 13,000 10,ege 23,020 Job C-280 Direct materials cost Direct labor cost Machine-hours Molding Fabrication total $ 240,ege $ 280,00 $520,00 $190,2e $ 280,ege $380,ege 10,020 23,020 33,00 Delph hed no underspplied or overspplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 2 2. Assume Delph chooses to combine its departmental rates from requirement 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 menufacturing costs, whet 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? Complete the question by entering your answers in the tabs given below. Required 2A Required 2B Required 2C Required 2D Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Required 28 This is a numeric cell, so please enter numbers onlyStep by Step Solution
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