QUESTION 5 Austin Footwear Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armec Forces. The company's costs per pair of boots are as follows: Direct material Direct labor Variable overhead Variable selling cost (commission) Fixed overhead (allocated) Fixed selling and administrative cost $7 Assuming that there would be no commission on this potential sale, the lowest price the firm can bid is some price greater than O a. $22 b. C $17 o d. $16. $19