First - answer the case study 3-26in McGraw Hill Connect. Then, use the correct answers to write the case study report. The actual case study in McGraw Hill Connect is worth 10 points. I have given you unlimited opportunities to get the correct answers on the case study in Connect.The remainder of the50points comes from your report. Answer each question as if you were the lead staff accountantforTeledex Company and are presenting to the CEO as indicated in the case study.For each answer explain the terminology and concepts used. For example, in #1 rather than just give thepredetermined overhead rate , explain the calculation - this is a professional report from a managerial accountant to the company president.Use outside sources when necessary BUT MAKE SURE YOU CITE THEM!When giving a recommendation, back it up with numbers. Make sure you address the original dilemma - lost bids. This particular answer should be managerial accountingreport to the company president. I need two write a report

Complete this question by entering your answers in the tabs below. Required 1A Required 13 Required 2A Required ZB Required 4A I Required 4B I 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? Company's bid price $ 61,170 9