Ch. 2: Homework i Saved Help Save & Exit Submit Check my work 5 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: Part 2 of 2 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 30,000 $ 790,000 $ 5.20 Fabrication 40,000 $ 200,000 $ 5.20 Total 70,000 $ 990,000 4 points 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 Print Job D-70: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 374,000 $ 327,000 $701,000 $ 220,000 $ 130,000 $ 350,000 22,000 8,000 30,000 References Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 280,000 $ 560,000 $ 150,000 $ 260,000 $ 410,000 8,000 32,000 40,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 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 130% 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