Required Information Exercise 2-15 (Algo) Plantwide and Departmental Predetermined Overhead Rates; Job Costs [LO2- 1, LO 2-2, LO2-3, LO 2-4) The following information applies to the questions displayed below.) 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 21,000 $ 760,000 Fabrication 32,000 $ 300,000 Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Total 53,000 $ 1,060,000 $ 5.00 $ 1.50 During the year, the company had no beginning or ending Inventorles and it started, completed, and sold only two jobsJob 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 $ 370,000 $ 220,000 16,000 Fabrication $ 320,000 $ 180,000 5,000 Total $ 690,000 $ 400,000 21,000 Job C-200 Direct materials cost Direct labor cost Machine-hours Molding $ 200,000 $ 140,000 5,000 Fabrication $ 220,000 $ 220,000 27,000 Total $ 420,000 $ 360,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Exercise 2-15 (Algo) Part 2 2. Assume Delph chooses to combine its departmental rates from requirement 1 Into a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate. 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 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