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: Machine-hours Holding Fabrication Total 25,000 35,000 60,000 Fixed manufacturing overhead costa $ 800,000 $200,000 $1,000,000 Variable manufacturing overhead coat per machine-hour $ 5.00 $ 2.00 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-701 Molding Fabrication Total Direct materials coat $ 370,000 $ 320,000 $690,000 Direct labor cost $ 240,000 $ 120,000 $360,000 Machine-hours 14,000 11,000 25,000 Job C-2001 Direct materials cost Direct labor cost Machine-hours Molding Pabrication Total $ 300,000 $ 260,000 $ 560,000 $ 140,000 $ 240,000 $380,000 11,000 24,000 35,000 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 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-2007 d. What is Delph's cost of goods sold for the year