my Work Mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 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 following direct labor. Labor Architects Staff Clerical Estimat Tours Hourly Rate $300 300 500 75 20 Frey applies overhead to jobs at 175% of direct labor cost. Frey would like to earn at least $80,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $285,000 and $350,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $285,000, will It earn its target profit of $80,000? 3. What is Frey's Estimated selling price? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 31 What is Frey's estimated cost of the architectural job? Estimated Cost Labor Architects Staff 0 300 $ 75.00 Clerical 500 $ 20.00 Total estimated labor cost Estimated hours Hourly Labor Cost Total Cost rate 150 $ 300.00 S 45,000 22,500 10,000 77,500 < Prev 15 of 16 Next >