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 Fabrication Total 20,000 31,000 51,800 $780,000 $220,000 $1,000,000 $ 5.00 $ 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 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $370,000 $ 320,000 $690,000 $240,000 $180,000 $420,000 15,000 5,000 20,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding FabricationTotal $300,000 $300,000 $600,000 $120,000 $ 220,000 $340,000 5,000 26,000 31,000 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-2007 d. What is Delph's cost of goods sold for the year