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 costs Variable manufacturing overhead cost per machine-hour Molding Fabrication 28,000 38,000 $ 760,000 $ 240,000 $ 5.30 $ 5.30 Total 66,000 $1,000,000 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 $ 379,000 $ 321,000 $ 700,000 $ 220,000 $ 160,000 $ 380,000 19,000 9,000 28,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 280,000 $ 300,000 $ 580,000 $ 100,000 $300,000 $ 400,000 9,000 29,000 38,000 Upton and Verlander had no underapplied or overapplied manufacturing overhead during the year. Required: 1. Assume Upton and Verlander 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 Upton and Verlander 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 Upton and Verlander's cost of goods sold for the year? Complete the question by entering your answers in the tabs given below. Required 1A Required 1B Required 1c Required 10 Assume Upton and Verlander uses a plantwide predetermined overhead rate based on machine-hours. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per MH Required 1B > Required 1