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( The following information applies to the questions displayed below. ] Delph Company uses job - order costing with a plantwide predetermined overhead rate based
The following information applies to the questions displayed below.Delph Company uses joborder costing with a plantwide predetermined overhead rate based on machinehours. At the beginning of the year, the company estimated that machinehours would be required for the period's estimated level of production. It also estimated $ of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $ per machinehour.Because Delph has two manufacturing departmentsMolding and Fabricationit is considering replacing its plantwide overhead rate with departmental rates that would also be based on machinehours. The company gathered the following information to enable calculating departmental overhead rates:HelpSayMachinehoursFixed manufacturing overhead costVariable manufacturing overhead cost per machinehourMolding$ $ Fabrication$ $ Total$ During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D and Job C It provided the following information related to those two jobs:Job DDirect materials costDirect labor costMachinehoursMolding$ $ Fabrication$ $ Total$ $ Job CDirect materials costDirect labor costMachinehoursMolding$ $ Fabrication$ $ Total$ $ Delph had no underapplied or overapplied manufacturing overhead during the year.Required: Assume Delph uses departmental predetermined overhead rates based on machinehours. Compute the departmental predetermined overhead rates. Compute the total manufacturing cost assigned to Job D and Job C If Delph establishes bid prices that are of total manufacturing cost, what bid prices would it have established for Job D and Job C What is Delph's cost of goods sold for the year? Complete this question by entering your answers in the tabs given below. Required A Required B Required C Required D Assume Delph uses departmental predetermined overhead rates based on machinehours. Compute the departmental predetermined overhead rates. Note: Round the final answers to decimal places. Predetermined Overhead Rates per MH Molding Department Fabrication Department Required
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