Exercise 4-15 Plantwide and Departmental Overhead Rates; Job Costs (L04-1, LO4-2, L04-3 The following information applies to the questions displayed below.] Smithson 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 costs Variable manufacturing overhead per machine-hour Molding 20,000 800,000 5.00 Fabrication 30,000 300,000 Total 50.000 1,100,000 $ $ $ $ 5.00 During the year, the company had no beginning or ending Inventories and it started, completed, and sold only two jo -Job D-75 and Job C-100. It provided the following information related to those two Jobs Job D-75 Direct materials cost Direct labor cost Machine-hours $ $ Molding Fabrication 375,000 $ 325.000 $ 200,000 $ 160,000 $ 15.000 5.000 Total 700,000 360,000 20.000 Job C-100 Direct materials cost Direct labor cost Machine-hours Molding 300.000 $ 175.000 $ 5.000 Fabrication Total 250,000 $550.000 225,000 $400.000 25.000 30.000 Smithson had no overapplied or underapplied manufacturing overhead during the year. References Section Break Exercise 4-15 Plantwide 2-a. Compute the predetermined departmental overhead rates Predetermined Overhead Rales Molding Department ($ 45.00 per MH Fabrication Departments 15.00 per MH 2-b. Compute the total manufacturing costs assigned to Job D-75 and Job C-100. Total Manufacturing Cost Job D-75 Job C-100 2-c. If Smithson establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for Job D-75 and Job C-100? Bid Price Job D-75 Job C-100 2-d. What is Smithson's cost of goods sold for the year? Cost of goods solds 3,360,000