Required Information

Exercise $2-17($Algo$)$ Plantwide and Departmental Predetermined Overhead Rates; Job Costs $[$LO$2-1,$ LO$22,[$O$2-3,[$O$2-4]$

$[$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\mathrm{.}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:

$\backslash$table$[[,$Molding,Fabrication,Total$],[$Machine$-$hours,$23,000,32,000,55,000],[\backslash$table$[[$Fixed manufacturing overhead cost$],[$Variable manufacturing overhead cost per machine$-$hour$]],\backslash$table$[[$$$760,000$