Management has provided the following data for its three departments for the coming year. Estimated overhead costs per department Cutting $89,000 Machining $240,000 Finishing $21,000 Estimated normal activity per department (direct labour hours) Cutting 7,000 Machining 24,000 Finishing 4,500 Estimated normal activity per department (machine hours) Machining 45,000 Management estimates costs and activities for a job, Job 1, and they need to provide a quote to their customer. The quote price includes a 30% mark up over the full manufacturing cost. Management estimates are noted below. Job 1 Direct materials $5,500 Direct labour cost $2,000 Direct labour hours Cutting 100 Machining 600 Finishing 300 Number of machine hours Machining 400 Using the above information to answer the following questions. Calculate the plantwide overhead rate. A Calculate the departmental overhead rate for the Cutting department. A/ Calculate the departmental overhead rate for the Machining department. Calculate the departmental overhead rate for the Finishing department. A/ Using a plantwide overhead rate, calculate the total cost for Job 1. A/ Using departmental overhead rates, calculate the bid price for Job 1