RENT PROBLEM Janavee Construction applies all overhead to jobs on the basis of direct labor hours. This period, manufacturing overhead is budgeted to be $1,800,000, and direct labor hours are budgeted to be 90,000. Janavee pays direct labor $12 per hour. Janavee bid on a job that they estimated would require $200,000 in direct materials and 10,000 direct labor hours. Janavee's bidding policy is to add 50% to the estimated manu- facturing cost of a job to cover operating expenses and produce a profit. Janavee won the bid and completed the job. The total actual cost came in at 105% of projected cost. a. How much did Janavee bid on the job? b. What was the actual cost of the job