Required information Exercise 2-15 Plantwide and Departmental Predetermined Overhead Rates; Job Costs (L02-1, 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 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 cost per machine-hour Molding Fabrication Total 24,000 32,000 56,000 $ 740,000 $300,000 $1,040,000 4.00 $ 2.00 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-701 Molding Fabrication total Direct materials cost $ 370,000 $320,000 $ 690,000 Direct labor cost $ 220,000 $ 140,000 $360,000 Machine-hours 17,000 7,000 24,000 Job C-2001 Direet materials coat Direct labor cost Machine-hours Holding Tabreation Tota $ 260,000 $ 260,000 $520,000 $ 180,000 $300,000 $ 480,000 7.000 25,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year, 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 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-2002 d. What is Delph's cost of goods sold for the year