Upton and Verlander Company uses a job-order costing system. Upton and Verlander has two manufacturing departments-Molding and Fabrication. Upton and Verlander provided the following estimates at the beginning of the year: Machine-hours Fixed manufacturing overhead coats Variable manufacturing overhead cost per machine-hour Molding Fabrication Total 27,000 37,000 64,000 $ 720,000 $ 270,000 $ 990,000 $ 5.20 $ 5.20 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 $ 377,000 $ 321,000 $ 698,000 $ 220,000 $ 130,000 $350,000 21,000 6,000 27,000 Job C-2001 Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 240,000 $ 210,000 $ 450,000 $ 160,000 $250,000 $ 410,000 6,000 31,000 37,000 Direct materials cost Direct labor cost Machine-hours $ 377,000 $ 321,000 $698,000 $ 220,000 $ 130,000 $ 350,000 21,000 6,000 27,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 240,000 $ 210,000 $450,000 $ 160,000 $ 250,000 $410,000 6,000 31,000 37,000 Upton and Verlander had no underapplied or overapplied manufacturing overhead during the year. 2. Assume Upton and Verlander 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 Upton and Verlander 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? d. What is Upton and Verlander's cost of goods sold for the year