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Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined
Overhead Rates; Job Costs [LO2-1, LO22, LO2-3, LO2-4] [The following information applies to
the questions displayed below] 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 53,000 machine-hours would be required for the period's estimated level of
production. It also estimated $920.000 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 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. Delph
had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15
(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. c. If Delph establishes bid prices that
are 150% of total manufacturing costs, what bid prices would it have established for Job D-70
and Job C-200? d. What is Delph's cost of goods sold for the year? Complete the 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 overhead rate.
(Round your answer to 2 decimal places.) Assume Delph uses plantwide predetermined overhead
rates based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and
Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers
to the nearest whole dollar amount.) Assume Delph uses plantwide predetermined overhead rates
based on machine-hours. If Delph establishes bid prices that are 150% of total manufacturing
costs, what bid prices would it have established for Job D-70 and Job C-200? (Round your
intermediate calculations to 2 decimal places. Round your final answers to the nearest whole
dollar amount.) Assume Delph uses plantwide predetermined overhead rates based on machine-
hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to
2 decimal places. Round your final answer to the nearest whole dollar amount.)

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Calculate Plantwide and Departmental Overhead Rates

  • 1. Required information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO22, LO2-3, LO2-4] [The following information applies to the questions displayed below] 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 53,000 machine-hours would be required for the period's estimated level of production. It also estimated $920.000 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 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. Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (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. c. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year? Complete the 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 overhead rate. (Round your answer to 2 decimal places.) Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Assume Delph uses plantwide predetermined overhead rates based on machine-hours. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? (Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.) Assume Delph uses plantwide predetermined overhead rates based on machine- hours. What is Delph's cost of goods sold for the year? (Round your intermediate calculations to 2 decimal places. Round your final answer to the nearest whole dollar amount.)