ABC Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the KLM School job. Company KLM School Job Direct materials $55,000 Direct labor $22.000 $2,300 $600 Manufacturing overhead costs $49,000 Machine-hours 70.000 mh 700 mh What is the bid price for the KLM School job if the company uses a 40% markup of total manufacturing costs? Instructions: Round your answer to the nearest dollar, and do not include cents, commas, % or 5. For example: if the answer is 10000 simply write 10000 (and NOT $10,000. $10.000.00. 10,000.00, $10000.00 or 10000.00)