Required information[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 thebeginning of the year, the company estimated that 56.000 machine-hours would be required for the period's estimatedlevel of production. It also estimated $1,060,000 of fixed manufacturing overhead cost for the coming period and variablemanufacturing overhead of $4.00 per machine-hour.Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwideoverhead rate with departmental rates that would also be based on machine-hours. The company gathered the followingInformation to enable calculating departmental overhead rates:Machine-hoursFixed manufacturing overhead costVariable manufacturing overhead cost per machine-hourJob D-70Direct materials costDirect labor costMachine-hoursDuring the year, the company had no beginning or ending inventories and it started, completed, and sold only two Jobs-Job D-70 and Job C-200. It provided the following Information related to those two jobs:Job C-200TotalDirect materials cost$ 460,000Direct labor costMachine-hours$380,00034,000Delph had no underapplied or overapplied manufacturing overhead during the year.Required 1A Required 1BMolding$ 370,000$ 240,00016,000Job D-70Job C-200Molding$ 240,000$ 140,0006,000Required:1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours.SSFabrication$ 320,000$140,0006,000a. Compute the plantwide predetermined overhead rate.b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200.c. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70and Job C-200?d. What is Delph's cost of goods sold for the year?✪ Answer is complete but not entirely correct.Complete this question by entering your answers in the tabs given below.Required 1C Required 10TotalManufacturingCost1,574,240 Ⓒ1,619,280 XMolding22,000$ 780,000$4.00Fabrication$ 220,000$240,00028,000Total$ 690,000$380,00022,000Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the total manufacturing costassigned to Job D-70 and Job C-200.Note: Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount.< Required 1AFabrication Total34,00056,000$1,000,000$280,000$ 2.00Required 1C >

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Description: Required information[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 thebeginning of the year, the company estimated tha

The overhead is applied to the production on the basis of the pre-determined overhead rate. The…

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Required information [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 56,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,060,000 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours Job C-200 Direct materials cost Direct labor cost Machine-hours During 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: Molding $ 370,000 $ 240,000 16,000 Molding $ 240,000 $ 140,000 6,000 Fabrication $ 320,000 $ 140,000 6,000 Molding 22,000 $ 780,000 $ 4.00 Fabrication $ 220,000 $ 240,000 28,000 Total $ 460,000 $380,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Total $ 690,000 $380,000 22,000 Fabrication 34,000 $280,eee $ 2.00 Required: 1. Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Total 56,000 $1,060,000 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?