Required Information IThe 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 Molding Fabrication Total 68,000 Machine-hours Fixed manufacturing overhead costs Variable manufacturing overhead cost per machine-hour 29,000 39,000 $ 770,000 230,000 $1,000,000 5.705.70 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 378,000 326,000 $704,00 $ 250, 000 170,000 420,000 19,000 10,000 29,000 Job C-200: Direct materials cost Direct labor cost Machine-hours Molding Fabrication Total 280,000 $ 290,000 $ 570,000 170,000 240,000 $ 410,000 10,000 29,000 39,000 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