Oventasts are absorbed on a labour hour basis. HC has collected overhead Information for the last four months and HC normally works around 120,000 labour hours in a year. HC uses the high low method to analyse overheads. The learning curve equation is y=axb, where b=log2logLR=0.074 Required Calculate the total cost including all overheads for HC that it can use as a basis of the bid for the new apartment contract. (10 marks)