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 Molding Fabrication 21,000 $ 740,000 $ 5.00 33,000 $ 260,000 $ 1.00 Total 54,000 $ 1,000,000 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 Direct materials cost Molding $ 370,000 Direct labor cost Machine-hours $ 220,000 15,000 Fabrication $ 320,000 $ 180,000 6,000 Total $ 690,000 Job C-200 Direct materials cost Molding $ 220,000 Direct labor cost Machine-hours $ 160,000 6,000 Fabrication $ 200,000 $ 240,000 27,000 $ 400,000 21,000 Total $ 420,000 $ 400,000 33,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 1 Required: 1. Assume Delph uses plantwide predetermined overhead rates 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. 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?