Q.1 Finch Company allocates the indirect costs in the testing department based on number of tests. At the beginning of the year, it estimates that the costs of the testing department will be $4,600,000 and that the total number of tests it will perform = 5,000. In bidding on a job, the salesperson estimates the job will require 20 tests.

Requirements:

(i). Compute the amount of testing department costs that will be estimated for this job.

( ii). Some of the tests are simple and other tests require sophisticated analysis using expensive equipment and technicians. How would this affect the accuracy of the bidding process?

Please solve it soon.... I need it within 8 hrs