Required information Exercise 3-17 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO3-1, LO3. 2, LO3-3, LO3-4] [The following information applies to the questions displayed below.] 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 53,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,020,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4,00 per machine-hour. Because Delph has two manufocturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The compary 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 jobsJob D- 70 and Job C-200. It provided the following information related to those two jobs: During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob 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 3-17 (Algo) Part 2 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 C200. c. 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-200? d. What is Delph's cost of goods sold for the year? d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Assume Delph uses departmental predetermined overhead rates based on machine-hours. If Delph esta5ilishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? Note: Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount. d. What is Delph's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below, Assume Delph uses departmental predetermined overhead rates based on machine-hours. What is Deloh's cost of goods sold for the year? Note: Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar ancuint
