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: Molding Fabrication Total URBAINALI Machine-hours.. Fixed manufacturing overhead cost. Vanable manufacturing overhead cost per machine-hour 20.000 5700.000 $2.00 20.000 50,000 $210.000 $910.000 $1.00 During the year, the company had no beginning or ending inventories and it started. com- pleted, 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 Direct labor cost. Machine-hours. Molding Fabrication Total $875.000 $325.000 $700.000 $200.000 $160.000 $360,000 20.000 INES Job G-200 Direct materials cost.. Dired labor c051 --- Machine-hours. Molding | Fabrication Solo | $250.000 $550,000 $175.000 $225,000 $400,000 6.000 24.000 30.000 MIHIN 2. Delph had no underapplied or overapplied manufacturing overhead during the year. Required: Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. if Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? What is Delph's cost of goods sold for the year? Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. 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? What is Delph's cost of goods sold for the 3. What managerial insights are revealed by the computations that you performed in this prob- lem? (int: Do the cost of goods sold amounts that you computed in requirements 1 and 2 dir- fer from one another? Do the bid prices that you computed in requirements 1 and 2 differ from one another! Why) year