Required information [The following information applies to the questions displayed below.) Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 55,000 machine hours would be required for the period's estimated level of production. It also estimated $960,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $500 per machine-hour Because Delph has two manufacturing departments Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine hours. The company gathered the following information to enable calculating departmental overhead rates: MM Molding Fabrication Total Machine hours 23,000 12.000 55,000 Fixed manufacturing overhead cost 760,000 * 200,000 $ 900,000 Variable manufacturing overhead cost per machine houn $5.00 11.00 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 Print . 300 Holding Fabrication Total Direct materials cast $ 370,000 $120,000 $10,000 Direct labor cost $200,00 5160,000 $360,000 Machine-hours 14,000 9.00 23,000 Holding Fabrication Total Direct ateriais cost $ 200,00 200,000 5.540,000 Director cast 110,000 $ 220,000 $400,000 Machine.hu 23.000 32.000 Deich had no underapplied or overapplied manufacturing overhead during the year Required 1. Assume Deriph uses landwide predetermined overhead rates based on machine hours Compute bandwide predetermined overhead rate b. Compute the total manufacturing cost assigned to Job D. 70 and Job C 200 Dephesishes bid prices ut are 150% of total manufacturing cout what bid prices would have established for Job D-70 and Job C-200 awati Cescon of oods sold for the year Cut the stan bytering your answers in the tas given below