"Blast it" said David Wilson, president of Teledex Company. We've just lost the bid on the Koopers job by $2 oO0, it seems we're either too high to get the job or too low to make any money on half the jobs we bid" Teledex Company manufactures products to customers specifications and uses a job-order costing system The company uses a plantwide predetermined overhead rate based on direct labor cost to apply its manufacturing overhead (assumed to be all fixed) to jobs. The following estimates were made at the beginning of the year Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows: Required: 1. Using the company's plantwide approach: a. Compute the plantwide predetermined rate for the current year b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job 2. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Under these conditions: a. Compute the predetermined overhead rate for each department for the cutrent year. b Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job 4. Assume that it is customary in the industry to bid jobs ot 150% of total manufacturing cost (direct materials, direct labor, and applied overhead) a. What was the company's bid price on the Koopers job using a plontwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Complete this question by entering your answers in the tabs below. Using the company's plantwide approach, compute the plantwide predetermined rate for the current year. Consplefe this question by entering your answers in the tabs below. Using the comgary's plantwide approach, determine the amount of manulecturing overhead cost that would have been anplised to the Koopers job. Complete this question by entering your answers in the tabs below. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Compute the predetermined overhead rate for each department for the current. year. Complete this question by entering your answers in the tabs below. Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overthead rates based on direct labor cost. Determine the amount of manufacturing overhend cont that would have been applied to the Koopers job. Complete this question by entering your answers in the tabs below. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and avplied overhead). What was the company's bid price on thi-Koopers job using a plantwide predetermined overhend rate? Complete this question by entering your answers in the tabs below. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhesd). What would the bld price have been if departmental predetermined overtiead rates had been used to apply overthesad cont