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Required information 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.)

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Required information 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 Machine-hours 24,000 32,000 56,000 Fixed manufacturing overhead coats $ 300,000 $1,040,000 Variable manufacturing overhead cont per machine-hour $ 4.00 Total $ 740,000 2.00 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-701 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 320,000 $ 690,000 $ 220,000 $ 140,000 $360,000 17,000 7,000 24,000 Job C-2000 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 260,000 $ 260,000 $ 520,000 $ 180,000 $300,000 $ 480,000 7.000 25,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 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 costs, 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

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