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CoursHeroTranscribedText: 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 Machine-hours 23,000 35, 000 58,000 Fixed manufacturing overhead costs $ 800, 000 $ 220, 060 $1, 020,000 Variable manufacturing overhead cost per machine-hour $ 4.00 $ 2.00 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: Molding Fabrication Total Direct materials cost $ 370, 000 $ 320, 000 $ 690,000 Direct labor cost $ 200, 000 $ 180,000 $ 380,000 Machine-hours 15, 000 8,000 23, 000 Job C-200: Molding Fabrication Total Direct materials cost $ 200, 000 $ 240,000 $ 440,000 Direct labor cost $ 120, 000 $ 260,000 $ 380,080 Machine-hours 8,000 27,000 35,000 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 150% 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

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