Required information [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 24,000 $ 720,000 $ 5.00 Fabrication 33,000 $ 300,000 $ 2.00 Total 57,000 $ 1,020,000 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 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours Holding $370,000 $220,000 15,000 Fabrication $ 320,000 $160,000 9,000 Total $690,000 $380,000 24,000 Holding $ 260,000 Fabrication $200,000 Total $460,000 $ 100,000 9,000 $ 240,000 $340,000 24,000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based nn machine-hours.