! Required information [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 23,000 Fabrication 32,000 Total 55,000 $ 740,000 $ 3.00 $ 260,000 $ 2.00 $ 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 $ 370,000 Fabrication $ 320,000 $ 140,000 $ 220,000 15,000 Molding 8,000 Fabrication Total $ 690,000 $ 360,000 23,000 Total Job C-200 Direct materials cost $ 280,000 $ 220,000 $ 500,000 Direct labor cost Machine-hours $ 120,000 8,000 $ 260,000 24,000 $ 380,000 32,000 Delph had no underapplied or overapplied manufacturing overhead during the year.