Bradford 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: Total Molding Fabrication Machine-hours 15 000 29 000 44 000 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour $ 450 000,00 $ $ 250 000,00 $ 700 000,00 4,50 $ 4,50 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job A and Job B. It provided the following information related to those two jobs: Job A Direct materials cost Direct labor cost Machine-hours Molding $ 425 000,00 $ 290 000,00 Fabrication $ 285 000,00 $ 90 000,00 Total $ 710 000,00 $ 380 000,00 12 500 5 800 18 300 Job B Molding Direct materials cost $ 310 000,00 Direct labor cost Machine-hours $ 195 000,00 7 000 Fabrication $ 245 000,00 $ 212 000,00 21 000 Total $ 555 000,00 $ 407 000,00 28 000 Bradford had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Bradford uses departmental predetermined overhead rates based on machine-hours. a. Compute the departmental predetermined overhead rates. (1 points) b. Compute the total manufacturing cost assigned to Job A and Job B. (2 points) c. If Bradford establishes bid prices that are 120% of total manufacturing cost, what bid prices would it have established for Job A and Job B? (1 points) d. What is Bradford's cost of goods sold for the year? (1 points) 2. Assume Bradford chooses to combine its departmental rates from requirement 1 into a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate. (1 points) b. Compute the total manufacturing cost assigned to Job A and Job B. (2 points) c. If Bradford establishes bid prices that are 120% of total manufacturing costs, what bid prices would it have established for Job A and Job B? (1 points) d. What is Bradford's cost of goods sold for the year? (1 points)