Delph Company uses a job-order costing system and has two manufacturing departmentsMolding and Fabrication. The company provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 22,000 $ 720,000 $ 5.70 Fabrication 32,000 $ 260,000 $ 5.70 Total 54,000 $ 980,000 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 $ 379,000 $ 320,000 $ 699,000 $ 230,000 $ 140,000 $ 370,000 17,000 5,000 22,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 200,000 $ 200,000 $ 400,000 $ 110,000 $ 220,000 $ 330,000 5,000 27,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 3-15 (Algo) Part 2 2. 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 130% of total manufacturing costs, 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