Delph Company uses a job-order costing system and has two manufacturing departments-Molding and Fabrication. The company provided the following estimatess at the beginning of the year: Molding 31,000 $ 710,000 Fabrication Total Machine-hours 41,000 72,000 990,000 S 280,000 Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 5.70 5.70 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: Molding Fabrication $371,000 S 322,000 Job D-70: Direct materials cost Direct labor cost Machine-hours Total $ 693,000 220,000 130,000 350,000 31,000 24,000 7,000 ion Job Direct materials cost Direct labor cost C-200 Fabr ta $290,000 250,000 $540,000 170,000 220,000 390,000 7,000 Machine-hours 34,000 41,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 Part 1 Required: 1. Assume Delph uses a plantwide predetermined overhead rate 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 120 % 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