Check Hansel Corporation has requested bids from several architects to design its new corporate headquarters. Frey Architects is one of the firms bidding on the job. Frey estimates that the job will require the following direct labor. Labor Architects Staff Clerical Estimated Hours Hourly Rate 160 $300 320 625 75 20 Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $65,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $290,000 and $360,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $290,000, will it earn its target profit of $65,000? 3. What is Frey's Estimated selling price? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is Frey's estimated cost of the architectural job? Labor Estimated Cost Estimated hours Hourly rate Labor Cost Total Cost < Prev 10 of 10 Next >