Required information (The following information applies to the questions displayed below.] Upton and Verlander Company uses a job-order costing system. Upton and Verlander has two manufacturing departments-Molding and Fabrication. Upton and Verlander provided the following estimates at the beginning of the year Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding 25,000 5 740,000 $ 6.10 Fabrication 35,000 $ 220,000 $ 6.10 Total 60,000 $ 960,000 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 Fabrication Total $ 372,000 $329,000 $ 701, $ 220,000 $160,000 $ 380,000 19,000 6,000 25,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 290,000 $ 280,000 $570,000 $ 160,000 $ 270,000 $430,000 6,000 29,000 35,000 Upton and Verlander had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Upton and Verlander 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. If Upton and Verlander establishes bid prices that are 150% of total manufacturing cost, what bid prices would it have established for Job D-70 and Job C-200? d. What is Upton and Verlander's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below