12 Required information [The following information applies to the questions displayed below) Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimates at the beginning of the year Molding Fabrication Machine-hours Total 21,000 32,000 53,000 Fixed manufacturing overhead cost $ 720,000 $ 260,000 $ 980,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ 1.50 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 Job D-70 Holding Yabrication Total Direct materials coat 370,000 320,000 Direct labor cost $220,000 $ 140,000 Machine hours $360,000 16,000 5.000 21,000 Job 2200 Holding Fabrication Total Direct materials cost $ 220,000 Direct labor cost $ 220,000 $440,000 $ 140,000 $ 240,000 $380,000 Machine-hours 5,000 27.000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year 2. Assume Delph chooses to combine its departmental rates from requirement into a plantwide predetermined overhead rate 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 ci 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 2007 d. What is Delph's cost of goods sold for the year