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 Molding Fabrication Total 22,000 34,000 Fixed manufacturing overhead cost 56,000 Variable manufacturing overhead cost per machine-hour $ 700,000 $ 220,000 $ 920,000 $ 4.00 $ 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 Molding Fabrication Direct materials cost Total $ 370,000 $ 320,000 Direct labor cost $ 690,000 $ 240,000 $ 120,000 $ 360,000 Machine-hours 16,000 6,000 22,000 Job C-200 Molding Fabrication Total Direct materials cost $ 220,000 Direct labor cost $ 220,000 $ 440,000 $ 180,000 $ 260,000 $ 440,000 Machine-hours 6,000 28,000 34,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 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