1.Berman Company has two manufacturing departments: Molding and Fabrication. These are their estimates at the beginning of the year. Molding Fabrication Total Machine Hours 22000 30000 50000 Fixed MOH $720000 $280000 1,000,000 Variable MOH $5.00 $1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs-Job 1987 and Job 1990. It provided the following information related to those two jobs: Job 1987 Molding Fabrication Total Direct Materials $370,000 $320,000 $690,000 Direct Labor $200,000 $160,000 $360,000 Machine hours 16,000 6,000 22,000 Job 1990 Molding Fabrication Total Direct Materials $220,000 $280,000 $500,000 Direct Labor $120,000 $280,000 $400,000 Machine hours 6000 24,000 30,000 Berman had no underapplied or overapplied manufacturing overhead during the year. Compute the plantwide overhead rate for the year. Calculate the total cost of each job. Calculate a bid price of 150% of Manufacturing cost for both Job 1987 and Job 1990.