After the new fiscal year began, Eliot Paper Supply asked Landers Recycling to bid for a job that will take 1,980 machine hours and 1,550 direct labor hours to produce. The direct labor cost for this job will be $13 per hour, and the direct materials will total $25,000. Landers Recycling recycles newsprint, cardboard, and so forth, into recycled packaging materials. For the coming year, Landers estimates total manufacturing overhead to be $350,175. The company's managers are not sure if direct labor hours (estimated to be 10,005) or machine hours (estimated to be 14,007 hours) is the best allocation base to use for allocating manufacturing overhead. Landers bids for jobs using a 29% markup over total manufacturing cost. Read the requirements. Requirement 1. Compute the total job cost and bid price if Landers Recycling Requirements -X First calculate the predetermined overhead rate based on direct labor hours. Id Estimated yearly overhead costs . Estimated yearly direct labor hours 350175 10005 Next we will calculate the total job cost. 1. Compute the total job cost and bid price if Landers Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. 2. Compute the total job cost and bid price if Landers Recycling decided to use machine hours as the manufacturing overhead allocation base for the year. 3. In addition to the bid from Landers Recycling, Eliot Paper Supply received a bid of $125,500 for this job from Cusack Recycling. What are the ramifications for Landers Recycling? Job Sheet Direct materials 25000 Chance from any lietor antarany number in the innut fialdeand then conti