Iceberg Bottling Inc. (IBI) has four categories of overhead. The expected costs for each of the categories for the next year are as follows. Costs Cost Driver Expected Activity Maintenance $240,000 Machine hours 10,000 Materials Handling 36,000 Material moves 1,200 Setups 32,000 Setups 200 Inspection 120,000 Inspections 2,000 Currently, the company applies overhead based on budgeted labout hours of 40,000. The company received a special order for its bakeapple flavoured iceberg water. IBI bases prices on full manufacturing costs plus a markup of 20%. Estimates for the special order are as follows. Direct Materials $4,000 Direct Labour $12,000 Direct Labour hours 1,200 Material moves 8 Inspections 12 Setups 16 Machine hours 160 Required: If the company uses direct labour hours as the cost driver, calculate the bid price of the proposed job. If the company uses activity-based cost drivers to allocate overhead, calculate the bid price of the proposed job