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Required information Exercise 2-17 (Algo) 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 job-order costing with a plantwide predetermined overhead rate based on machine-hours, At the beginning of the year, the company estimated that 54,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,040,000 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: During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D70 and Job C-200. It provided the following information related to those two jobs: During the yeaf, the company had no beginning or ending inventories and it started, completed, and sold only two jobsJob D-70 and Job C-200 it provided the following information related to those two jobs: Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-17 (Algo) Part 1 Required: 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. a. Compute the plantwide predetermined overhead rate b. 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 costs, what bid prices would it have estabished for Job D.70 Required: 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours a. Compute the plantwide predetermined overhead rate. b. Compute the total manufocturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 150% of total manufocturing costs, what bid prices would it have estabished for Job 0.70 and Job C.200? d. What is Delphis cost of goods sold for the year? Complete this question by entering your answers in the tabs given below. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the plantwide predetermined overbead rate. Mote: Round your answer to 2 -decimal places

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