Required information

Exercise $2-17($Algo$)$ Plantwide and Departmental Predetermined Overhead Rates; Job Costs $[$LO$2-1,$

L$02-2,[02-3,[$O$2-4]$

$[$The following information applies to the questions displayed below.$]$

Delph Company uses job$-$order costing with a plantwide predetermined overhead rate based on machine$-$hours. At the

beginning of the year, the company estimated that $56,000$ machine$-$hours would be required for the period's estimated

level of production. It also estimated $$1,040,000$ of fixed manufacturing overhead cost for the coming period and variable

manufacturing overhead of $$3\mathrm{.}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:

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:

Delph had no underapplied or overapplied manufacturing overhead during the year.

Exercise $2-17($Algo$)$ Part $1$

Required:

Assume Delph uses plantwide predetermined overhead rates 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$-200?$

d$.$ What is Delph's cost of goods sold for the year?

Complete this question by entering your answers in the tabs given below.

Assume Delph uses plantwide predetermined overhead rates based on machine$-$hours. Compute the plantwide predetermined

overhead rate.

Note: Round your answer to $2$ decimal places.