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 56,000 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 $4.00 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: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Molding 23,000 Fabrication 33,000 Total 56,000 $ 700,000 $ 4.00 $ 260,000 $ 2.00 $ 960,000 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: Job D-70 Direct materials cost Direct labor cost Machine-hours Molding $ 370,000 $ 220,000 14,000 Fabrication $ 320,000 $ 140,000 9,000 Total $ 690,000 $ 360,000 23,000 Job C-200 Molding Direct materials cost $ 220,000 Direct labor cost $ 120,000 Machine-hours 9,000 Fabrication $ 220,000 $ 260,000 24,000 Total $ 440,000 $ 380,000 33,000 Predetermined overhead rate per MH Assume Delph uses plantwide predetermined overhead rates based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Note: Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount. Total Manufacturing Cost Job D-70 Job C-200 Assume Delph uses plantwide predetermined overhead rates based on machine-hours. 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? Note: Round your intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar amount. Bid Price Job D-70 Job C-200 Assume Delph uses plantwide predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold for the year? Note: Round your intermediate calculations to 2 decimal places. Round your final answer to the nearest whole dollar amount. Cost of goods sold Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the departmental predetermined overhead rates. Note: Round the final answers to 2 decimal places. Molding Department Fabrication Department Predetermined Overhead Rates per MH per MH Assume Delph uses departmental predetermined overhead rates based on machine-hours. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. Note: Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount. Total Manufacturing Cost Job D-70 Job C-200 Assume Delph uses departmental predetermined overhead rates based on machine-hours. 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? Note: Round your intermediate calculations to 2 decimal places. Round your final answers to nearest whole dollar amount. Bid price Job D-70 Job C-200 Assume Delph uses departmental predetermined overhead rates based on machine-hours. What is Delph's cost of goods sold for the year? Note: Round your intermediate calculations to 2 decimal places. Round your final answer to nearest whole dollar amount. Cost of goods sold