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 23,000 Fabrication 34,000 Total 57,000 Fixed manufacturing overhead cost $ $ $ 220,000 740,000 960,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ 1.00 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: Job D-70 Molding $ Fabrication Total Direct materials cost $ $ 320,000 370,000 690,000 Direct labor cost $ $ 220,000 $ 160,000 380,000 Machine-hours 15,000 8,000 23,000 Job C-200 Molding Fabrication Total $ $ Direct materials cost $ 300,000 220,000 520,000 $ Direct labor cost $ $ 280,000 Machine-hours 120,000 8,000 400,000 26,000 34,000 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?