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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 job-order costing 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 $1,000,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $4.00 per machine-hour.Because Delph has two manufacturing departments-Molding and Fabrication--it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates:HelpSayMachine-hoursFixed manufacturing overhead costVariable manufacturing overhead cost per machine-hourMolding23,000$ 740,000$ 4.00Fabrication30,000$ 260,000$ 1.50Total53,000$ 1,000,000During 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-70Direct materials costDirect labor costMachine-hoursMolding$ 370,000$ 220,00013,000Fabrication$ 320,000$ 140,00010,000Total$ 690,000$ 360,00023,000Job C-200Direct materials costDirect labor costMachine-hoursMolding$ 240,000$ 120,00010,000Fabrication$ 240,000$ 280,00020,000Total$ 480,000$ 400,00030,000Delph had no underapplied or overapplied manufacturing overhead during the year.Required:2. Assume Delph uses departmental predetermined overhead rates based on machine-hours.* Compute the departmental predetermined overhead rates.* Compute the total manufacturing cost assigned to Job D-70 and Job C-200.* 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?* What is Delph's cost of goods sold for the year?* Complete this question by entering your answers in the tabs given below.* Required 2A* Required 2B* Required 2C* Required 2D* Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates.* Note: Round the final answers to 2 decimal places.* Predetermined* Overhead Rates* per MH* Molding Department* Fabrication Department* Required

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