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 23,000 $ 800,000 $ 5.90 Fabrication 33,000 $ 230,000 $ 5.90 Total .56.000 $1,630,000 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 $ 372,000 5 323,000 $ 695,000 $ 240,000 $130,000 $ 370,000 17,00 6,000 23,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total $ 250,000 $ 250,000 S 500,000 $ 170,000 $250,000 $420,000 6,000 27,000 33,000 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