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Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3,LODelph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 Part 2 2. Assume Delph uses de2.Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermin2.Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermin

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2a Departmental predetermined overhead rates
Molding department
Fixed manufacturing overhead (700,000/20000) 35.00
Variable manufacturing overhea 3.00
predetermined overhead rate 38.00
Fabrication department
Fixed manufacturing overhead (210,000/30000) 7.00
Variable manufacturing overhea 1.00
predetermined overhead rate 8.00
Molding department 38.00 per MH
Fabrication department 8.00 per MH
2b) total manufacturing cost assinged
job D-70
molding Fabrication total
Direct materials cost 375,000 325,000 700,000
direct labor cost 200,000 160,000 360,000
overhead assigned
molding 38*14000 532000 532000
Fabrication 8*6000 48000 48000
total manufacturing cost 1,107,000 533,000 1,640,000
job c-200
molding Fabrication total
Direct materials cost 300,000 250,000 550,000
direct labor cost 175,000 225,000 400,000
overhead assigned
molding 38*6000 228000 228000
Fabrication 11.59*28000 8*24000 192000 192000
total manufacturing cost 703,000 667,000 1,370,000
total manufacturing
cost
job D-70 1,640,000
Job C-200 1,370,000
2c) Bid price
cost
job D-70 2,460,000
Job C-200 2,055,000
2d) cost of goods sold 3,010,000
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