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 56,000 machine-hours would be required for the period'sestimated level of production. It also estimated $1,020,000 of fixed manufacturing overhead cost for the coming periodand variable manufacturing overhead of $4.00 per machine-hour.Because Delph has two manufacturing departments-Molding and Fabrication-It is considering replacing its plantwideoverhead rate with departmental rates that would also be based on machine-hours. The company gathered the followingInformation to enable calculating departmental overhead rates:Machine-hoursFixed manufacturing overhead costVariable manufacturing overhead cost per machine-hourJob D-70Direct materials costDirect labor costMachine-hoursDuring the year, the company had no beginning or ending Inventories and it started, completed, and sold only two jobs-Job D-70 and Job C-200. It provided the following Information related to those two jobs:Job C-200TotalDirect materials cost$ 540,000Direct labor costMachine-hours$ 380,00034,000Delph had no underapplied or overapplied manufacturing overhead during the year.Lequired 2AMolding$ 370,000$ 220,00016,000b D-70b C-200Molding$ 280,000$ 100,0006,000Total ManufacturingCostFabrication$ 320,000$ 180,0006,000Complete the question by entering your answers in the tabs given below.$Fabrication$ 260,000$ 280,00028,0002,389,520Molding22,000$ 760,000$ 4.00quired: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-70and Job C-200?d. What is Delph's cost of goods sold for the year?Total$ 690,000$ 400,00022,000Required 2B Required 2C Required 2Dssume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the total manufacturingost assigned to Job D-70 and Job C-200.ote: Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount.Fabrication34,000$ 260,000$ 2.00Total56,000$ 1,020,000

Name: Delph Company uses a job-order costing system with a plantwide predet
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: 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 56,000 machine-hours would be required for the period'sestimated level of prod