Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2-1, LO2-2, LO2-3, LO2-4) [The following information applies to the questions displayed below.] 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 cost Variable manufacturing overhead cost per machine-hour Molding Fabrication 20,000 35,000 $720,000 $ 280,000 $ 3.00 $ 1.00 Total 55,000 $1,000,000 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 $370,000 $ 320,000 $690,000 $ 220,000 $ 120,000 $340,000 16,000 4,000 20,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 240,000 $520,000 $120,000 $ 240,000 $360,000 4,000 31,000 35,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 1 equired: Assume Delph uses departmental predetermined overhead rates based on machine-hours. . Compute the departmental predetermined overhead rates. . Compute the total manufacturing cost assigned to Job D-70 and Job C-200. . If Delph establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and ob C-200? . What is Delph's cost of goods sold for the year