"Blast ite" said David Wilson, president of Teledex Company, "We've just lost the bid on the Koopers job by $4,000. 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: Manaacturing overhead Direct labor Department Pabricating Machining Assembly Total Plant $362,250 $ 414,000 $ 93,150 $ 869,400 $ 207,000 S 103,500 $ 310,500 $ 621,000 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: Department Machining $ 200 $ 500 2 Fabricating $3,700 54,200 Asembly $2,100 $6,900 Total Plant $ 6,000 $11.500 Direct materials Direct labor Manufacturing overhead 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 current year. b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. 4. Assume that it is customery in the industry to bid Jobs at 150% of total manufacturing cost (direct materiais, direct labor and applied overhead). a. What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? b. What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? romlate this question by entering your answers in the tabs below. b. What would the bid price have been i departmental predetermined overhead rat Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 4A Required 4B Using the company's plantwide approach, compute the plantwide predetermined rate Predetermined overhead rate % of direct labor cost predetermined overhead rates had been used to apply over Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 2B Required 4A Required 48 Using the company's plantwide approach, determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Manufacturing overhead cost applied Required IA Required 18 Reqpired 2A Required 28 Required 4A Required 48 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 Predetermined Overhead Rate Fabricating department % of direct labor cost Machining department % of direct labor cost Assembly department % of direct labor cost ne tabs below. Required 1A Required 18 Required ZA Required 2B Required 4A Required 48 Suppose that instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job. Manufacturing overhead cost applied Required LA Required 1B Required 2A Required 28 Required A Required 48 Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead). What was the company's bid price on the Koopers job using a plantwide predetermined overhead rate? Company's bid price Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 28 Required 4A Required 48 Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead). What would the bid price have been if departmental predetermined overhead rates had been used to apply overhead cost? Manufacturing overhead cost applied