Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and Insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 80,000 direct labor-hours would be required for the period's estimated level of client service. The company also estimated $680,000 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firm's actual overhead cost for the year was $692,000 and its actual total direct labor was 83,000 hours. Required: 1. Compute the predetermined overhead rate. 2. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct materials Direct labor cost Direct labor-hours worked $ 38,000 $ 21,000 280 Compute the total job cost for the Xavier Company engagement. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the predetermined overhead rate. Predetermined overhead rate per DLH Exercise 2-15 (Static) 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 20,000 $ 700,000 $ 3.00 Fabrication 30,000 $ 210,000 Total 50,000 $910,000 $ 1.00 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-78: Direct materials cost Direct labor cost Machine-hours Job C-200: Direct materials cost Direct labor cost Machine-hours Molding $375,000 $ 200,000 14,000 Molding Fabrication $ 325,000 $ 160,000 6,000 Fabrication $ 300,000 $ 175,000 6,000 $ 250,000 $225,000 24,000 Total $ 700,000 $ 360,000 20,000 Total $550,000 $ 400,000 30,000 Delph had no underapplied or overapplied manufacturing overhead during the year Exercise 2-15 (Static) Part 1 Required: 1. 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 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? Complete this question by entering your answers in the tabs below. Delph Company uses a job-order costing system and has two manufacturing departments-Molding and 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 20,000 $ 700,000 $ 3.00 Fabrication 30,000 $ 210,000 Tota 50 $910, $ 1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold of Job D-70 and Job C-200. It provided the following information related to those two jobs: Job D-70: Direct materials cost Molding $375,000 $ 200,000 14,000 Fabrication $ 325,000 $ 160,000 Total $ 700,000 6,000 Fabrication $ 360,000 20,000 Total $ 550,000 Direct labor cost Machine-hours Job C-200: Direct materials cost Direct labor cost Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year. Molding $ 300,000 $ 175,000 $ 250,000 6,000 $ 225,000 24,000 $ 400,000 30,000 Exercise 2-15 (Static) Part 2 2. Assume Delph chooses to combine its departmental rates into a plantwide predetermined overhead rate based on ma 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 C-2002 d. What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs below