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Please show work, it will help me understand better. Blast it: said Diana Winslow, president of Telecomm Company. We've just lost the bid on the

Please show work, it will help me understand better.
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"Blast it": said Diana Winslow, president of Telecomm Company. "We've just lost the bid on the Soopers job by $2,000. It seems we're either too high to get the job or too low to make any money on half the jobs we bid" Telecomm Company manufactures products to customers' specifications and uses job-order costing. The company uses a plantwide predetermined overhead rate based on direct labor cost to apply manufacturing overhead (assumed to be all fixed) to jobs. The following estimates were made at the beginning of the year: Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows: 1. Using the company's plantwide approach: 1. Compute the plantwide predetermined overhead rate for the current 2. Determine the amount of manufacturing overhead cost applied to the Soopers 2. Suppose instead of using a plantwide predetermined overhead rate, the company had used departmental predetermined overhead rates based on direct labor cost. Under these conditions: 1. Compute the predetermined overhead rate for each department for the current 2. Determine the amount of manufacturing overhead cost applied to the Soopers 3. Explain the difference between the manufacturing overhead applied to the Soopers job using the plantwide approach in question 1(b) and using the departmental approach in question 2(b). 4. Assume it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead). What was the company's bid price on the Soopers job using a plantwide predetermined overhead rate? What would have been the bid price if departmental predetermined overhead rates were used to apply overhead cost

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