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 foowing direct labor EstimatedHourly Hours 184 $300 Labor Architects Start clerical 75 925 Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $30,000 profit on the architectural ob. Based on past experience and market research, it estimates that the competition will bid between $302.000 and $384,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $302.000, will it earn its target profit of $30,000? 3. What is Frey's Estimated selling price? Complete this question by entering your answers in the tabs below. Required Required Required 2 What is Frey's estimated cost of the architectural job? Labor Estimated Cost Estimated HourlyLab hours rate Labor Cost Total Cost H Base OH rate Total estimated labor cost Overhead O Estimated Applied Overhead Total estimated cost Required 1 Required 2 > 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 folowing direct labor. Labor Architects Estimated Hours 184 368 925 Hourly Rate $300 clerical Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $30,000 profit on the architectural Job. Based on past experience and market research, it estimates that the competition will bid between $302,000 and $384,000 for the job. 1. What is Frey's estimated cost of the architectural lob? 2. If Frey bids a price of $302.000, will it earn its target profit of $30,000? 3. What is Frey's Estimated selling price? Complete this question by entering your answers in the tabs below. Required Required Required If Frey bids a price of $302,000, will it earn its target profit of $30,000? If Frey bids a price of $302,000, will it earn its target profit of $30,000? 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 flowing direct labor Labor Architects Estimated Hours 184 Hourly Rate $300 368 clerical 925 Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $30,000 profit on the architectural Job. Based on past experience and market research, it estimates that the competition will bid between $302.000 and $384,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $302.000, will it earn its target profit of $30,000? 3. What is Frey's Estimated selling price? Complete this question by entering your answers in the tabs below. Required Required Required What is Frey's Estimated selling price? Estimated selling price Required 2 Required 3
