4. Minimum Bid Price-1. Exponent Controls, Inc., manufactures car engines for industrial users. The cost of a particular car engine the company manufactures is shown below: Direct materials Direct labor Overhead: Supervisor's salary Fringe benefits on direct labor Depreciation Rent Total costs P 300,000 190,000 40,000 19,000 549,000 50,000 10,000 P 609,000 If production of this engine were discontinued, the production capacity would be idle and the supervisor would be laid off. When asked to bid on the next contract for this engine, what should be the minimum bid price