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 23,000 Fabrication 32,000 Total 55,000 Machine-hours Fixed manufacturing overhead cost $ 980,000 $ 720,000 $ 4.00 $ 260,000 $ 2.00 Variable manufacturing overhead cost per machine-hour 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 Total Direct materials cost Molding $ 370,000 $ 200,000 16,000 Fabrication $ 320,000 $ 140,000 Direct labor cost $ 690,000 $ 340,000 23,000 Machine-hours 7,000 Job C-200 Molding $ 200,000 Fabrication $ 200,000 Total $ 400,000 Direct materials cost Direct labor cost $ 160,000 7,000 $ 240,000 25,000 $ 400,000 32,000 Machine-hours Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 1 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? Check my work