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 23,000 $720,000 $3.00 Fabrication 32,000 $280,000 $ 2.00 Total 55,000 $1,000,000 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: Direct labor cost Machine-hours Job D-70 Direct materials cost Holding $370,000 Fabrication Total $320,000 $690,000 $220,000 15,000 $160,000 $380,000 8,000 23,000 Molding Direct materials cost $ 260,000 $ 120,000 Fabrication $ 200,000 $260,000 Total $460,000 380,000 Machine-hours 8,000 24,000 Job C-200 Direct labor cost 32,000 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? Complete the question by entering your answers in the tabs given below.