6 2, LO2-3, L02-4) (The following information applies to the questions displayed below.) Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year: Part 1 of 2 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour 1.42 points Molding Fabrication 24,000 31,000 $760,000 $ 240,000 $ 3.00 $ 2.00 Total 55,000 $1,000,000 Skipped 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: eBook Job D-70 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 320,000 $690,000 $ 200,000 $ 160,000 $360,000 14,000 10,000 24,000 Print Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 300,000 $ 200,000 $500,000 $ 120,000 $ 260,000 $380,000 10,000 21,000 31,000 References Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 1 Required: 1. Assume Delph uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. 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 cost, 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