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 Molding 22,000 Fabrication 35,000 Total 57,000 Fixed manufacturing overhead cost $ 740,000 $5.00 Variable manufacturing overhead cost per machine-hour $ 300,000 $ 1,040,000 $ 1.50 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 Molding $ 370,000 $ 220,000 15,000 Fabrication $ 320,000 $ 180,000 Total $ 690,000 $ 400,000 22,000 Direct labor cost Machine-hours 7,000 Job C-200 Molding $ 260,000 Direct materials cost Direct labor cost Machine-hours Fabrication $ 300,000 $ 240,000 28,000 Total $ 560,000 $ 400,000 35,000 $ 160,000 7,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Delph chooses to combine its departmental rates from requirement 1 into 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 150% of total manufacturing costs, 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