Emporia Shipping Company is involved in a competitive bidding situation. Variable costs related to the project total $680,000, and allocated fixed cost is $95,000. Which of the following cost figures should be used in setting a minimum bid price if Emporia has (1) excess capacity and (2) no excess capacity? Excess Capacity No Excess Capacity A. B. $680,000 $680,000 $775,000 $775,000 $680,000 $775,000 $680,000 $775,000 D