Biase Recycling recycles newsprint, cardboard, and so forth into recycled packaging materials. For the After the new fiscal year began Lundy Paper Supply asked Biase Recycling to bid for a job that will take coming year, Blase estimates total manufacturing overhead to be $310.000. The company's managers are 2,000 machine hours and 1.500 direct labor hours to produce. The direct labor cost for this job will be $11 not sure it direct labor hours (estimated to be 10,000) of machine hours (estimated to be 14,800 hours) is per hour, and the direct materials wil total $25,000 the best allocation base to use for allocating manufacturing overhead. Biase bids for jobs using a 31% markup over total manulacturing cost. Read the requirements Requirement 1. Computo the total pob cost and bild price il Biase Recycing decided to use direct labor hours as the manufacturing overhead alocation base for the year. First calculate the predetermined overhead rate based on direct labor hours. Identity the formula and then compute the rato Predelermined overhead role Requirements 1. Compute the total cost and bid price if Biase Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year 2. Compute the total cost and bid price if Base Recycling decided to use machine hours as the manufacturing overhead allocation base for the year 3. In addition to the bid from Base Recycling, Lundy Paper Supply received a bid of $124.000 for this job from Harris Recycling. What are the familications for Blase Recycling