S: 02 Cu 1 (5 im): AD Ltd. produces tables for school. In July the overheads costs of AD were as follows: O Maintenance cost: $75,000 (allocate based on machine hours 5,000 hours) O Material handling cost: $12,000 (allocated based on 1,200 material moves) O Setup cost: $20,000 (allocated based on number of setup, 500) O Quality cost: $9,000 (allocated based on the inspection, 50) In July AD Ltd. prepared a bid for a local school. The information of the bid is as follows: Material cost: $8,000; Labour cost: $14,000 Machine hours: 200; material moves: 50; setup: 20; inspection: 30 Required: (i) what is the cost of the bid? (ii) If (profit) markup is 75%, what is the bid price? (iii) when AC may increase the markup to earn more profit?