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 costs Variable manufacturing overhead cost per machine-hour Molding Fabrication Total 68,000 740,000 220,000 960,000 29,000 39,000 $ 5.70 5.70 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 Fabrication Total 371,000 $329,000 $ 700,000 210,000 130,000 340,000 20,000 9,000 29,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total 300,000 $260,000 $560,000 140,000 250,000 390,000 9,000 30,000 39,000 Delph had no underapplied or overapplied manufacturing overhead during the year. 2. 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 130% of total manufacturing costs, what bid prices would it have established for Job D-70 and -200? d. What is Delph's cost of goods sold for the year