OVERHEAD RATES, UNIT COS Xanning Company manufactures specialty tools to customer order. There are three producing departments. Departmental information on budgeted overhead and various activity! Currently, overhead is applied on the basis of macnue uumo. ntwide are. However, Janine, the controller, has been wondering whether it might be worthwhile to use departmental overhead rates. She has analyzed the overhead costs and drivos for the various departhents and decided that Welding and Finishing should base their overhead rates on machine hours and that Assembly should base its overhead rate Janine has been asked to prepare bids for two jobs with the following information: direct labour hours. The typical bid price includes a 30 percent markup over full manufacturing cost. Fiequired: 1. Calculate a plantwide rate for Xanning Company based on machine hours. What is the bid price of each job using this rate? 2. Calculate departmental overhead rates for the producing departments. What is the bid price of each job using these rates? (Round all answers to the nearest dollar.)