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Required Information Exercise 2-17(Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO22,[O2-3,[O2-4]...

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Accounting

Required Information
Exercise 2-17(Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO22,[O2-3,[O2-4]
[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 55,000 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 $3.00 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:
\table[[,Molding,Fabrication,Total],[Machine-hours,23,000,32,000,55,000],[\table[[Fixed manufacturing overhead cost],[Variable manufacturing overhead cost per machine-hour]],\table[[$760,000
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