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 $5.00 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: Holding Fabrication Total Machine hours 23 32.000 55.000 Fixed manufacturing overhead cost $ 260,000 $ 200.000 5.960,000 Variable manufacturing overhead cost per machine hour $15.00 SI During the year, the company had no beginning or ending inventories and it started. completed, and sold only twojobs Job D-70 and Job C-200. It provided the following information related to those two jobs. Holding Fabrication Total Direct materials cost $ 370,000 $ 320,000 $690.000 Direct labor cost 5.200,000 $ 160,000 $ 350,000 Machin-hours 14.000 9.000 25,000 Direct materials cost Direct labor cost Holding 1.760,000 $ 180,000 9.000 Fabrication 5 280,000 $ 220,000 22,060 Total $540,000 $ 400.000 32.000 Delph. had no underapped or overapplied manufacturing overhead during the year. Required: 2. Assume Delphines departmental predetermined overhead rates based on machine hours Compute the departmental predetermined overhead rates Come the manufacturing cost assigned to Job D.70 and Job C-200 cepheses bid prices that are 150% of total manufacturing cost what bid prices would it have established for Job D.70 and Job 2009 What Del's cost of goods sold for the year Complete the only on your answers in the tabs given below