Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs (L02-1, 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: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication Total 20,000 30,000 50,000 $ 700,000 $ 210,000 $ 910,000 3.00 $ 1.ee 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-70: Molding Fabrication Total Direct materials cost $ 375,000 $ 325,000 $700,000 Direct labor cost $ 200,000 $ 160,000 $360,000 Machine-hours 14,000 6,000 20,000 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 24,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year Exercise 2-15 Part 2 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-2002 d. What is Delph's cost of goods sold for the year? Required 2A Required 2B Required 2C Required 2D Fook rint Compute the departmental predetermined overhead rates. rences Pre determined overhead rates per MH Molding Department Fabrication Department per MH Required 2A Requi Required 2A Required 2B Required 2C Required Compute the total manufacturing cost assigned to Ja Total manufacturing cost Job D-70 Job C-200