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 Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 23,000 $ 740,000 $ 3.00 Fabrication 31,000 $260,000 Total 54,000 $1,000,000 $1.50 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-70 Direct materials cost Molding $370,000 Fabrication $ 320,000 Direct labor cost Machine-hours Job C-200 $220,000 15,000 Direct materials cost Direct labor cost Machine-hours Total $ 500,000 $420,000 31,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Molding $ 120,000 8,000 Fabrication Total $690,000 $340,000 23,000 $ 220,000 $ 280,000 $ 160,000 8,000 $ 260,000 23,000 Required: 1. 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 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?