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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding Fabrication Total 23,000 32,000 55,000 $740,000 $ 260,000 $1,000,000 $ 5.00 $ 1.00 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: Molding Fabrication Total $370,000 $ 320,000 $690,000 Job D-70 Direct materials cost Direct labor cost Machine- hours $240,000 $ 180,000 $420,000 13,000 10,000 23,000 Job C-200 Molding Fabrication Total Direct materials $260,000 $ 220,000 $ 480,000 cost Direct labor cost $180,000 $ 260,000 $440,000 Machine- 10,000 22,000 32,000 hours Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. 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 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