7 Part 2 of 2 30 points Skipped Required information [The following information applies to the questions displayed below] Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 59,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,840,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $5.00 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 eBook Print Variable manufacturing overhead cost per machine-hour Holding 24,000 $800,000 $5.00 Fabrication Total 35,000 59,000 $240,000 $ 1,040,000 $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 References Job C-200 Direct materials cost Direct labor cost Machine-hours $ 200,000 15,000 Holding Holding. $370,000 Fabrication $ 320,000 $140,000 9,000 Total $690,000 $340,000 24,000 Fabrication Total Direct materials cost $ 200,000 Direct labor cost $ 180,000 $300,000 $220,000 $500,000 $400,000 Machine-hours 9,000 26,000 35,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 2. 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?