Saved work 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 27,000 $ 740,000 $ 6.10 Fabrication 37,000 $280,000 $ 6.10 Total 64,000 $1,020,000 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-701 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 370,000 $ 324,000 $694,000 $ 220,000 $ 170,000 $390,000 20,000 7.000 27.000 Job C-2001 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $280.000 $ 230.000$ 510.000 $ 130,000 $ 270,000 $400,000 7.000 30,000 37,000 Delph had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Delph uses a plantwide predetermined overhead rate based on machine-hours. a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 140% 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? 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 Pixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 27,000 37,000 $ 740,000 $280,000 $ 6.10 $ 6.10 Total 64,000 $1,020,000 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 Fabrication Total $ 370,000 $ 324.000 $ 694.000 $ 220,000 $ 170,000 $ 390,000 20,000 7,000 27,000 Job C-2001 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 230,000 $ 510,000 $ 130,000 $ 270,000 $ 400,000 7,000 30,000 37,000 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 140% of total manufacturing costs, 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