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Gypsum Park Recreation is exploring a competitive bidding situation. The firm, which currently has no excess capacity, estimates the following costs for a project to

Gypsum Park Recreation is exploring a competitive bidding situation. The firm, which currently has no excess capacity, estimates the following costs for a project to be performed for the Talent School District: Direct material Direct labor Allocated variable overhead Allocated fixed cost $360,000 130,000 88,000 42,000 Which of the following cost figures would be used in determining a minimum price if Gypsum Park decides to bid on the Talent project? Multiple Choice $130,000. $490,000. $578,000. $620,000. None of the answers is correct

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