Required information [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 Fabrication Total 29,000 39,000 68,000 $ 720,000 $ 210,000 $930,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour $ 6.10 $ 6.10 During the year, the company had no beginning or ending inventories 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: Molding Fabrication Total Direct materials $375,000 $ 326,000 $701,000 cost Direct $ 250,000 $150,000 $400,000 labor cost Machine- hours 24,000 5,000 29,000 Molding Fabrication Total $260,000 $ 200,000 $460,000 Job C-200: Direct materials cost Direct labor cost Machine- hours $140,000 $ 260,000 $400,000 5,000 34,000 39,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses 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 120% of total manufacturing cost, 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