[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 cost Variable manufacturing overhead cost per machine-hour Molding 21,000 $ 760,000 $ 3.00 Fabrication 35,000 $ 200,000 $ 1.50 Total 56,000 $ 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 Total $ 690,000 $ 400,000 21,000 Molding $ 370,000 $ 220,000 14,000 Fabrication $ 320,000 $ 180,000 7,000 Job C-200 Direct materials cost $ 260,000 Direct labor cost Machine-hours $ 180,000 7,000 Fabrication $ 300,000 $ 300,000 28,000 $ 560,000 $ 480,000 35,000 Molding Total 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?