solve a,b,c

A B D Engineer Co. is submitting a bid for a major job and estimates the following direct labor costs: Exercise 9 Hours 240 Engineers Drafters Hourly Rate $ 250.00 $ 120.00 $ 20.00 160 Staff 400 Engineer Co. has no direct material costs and applies overhead at a rate of 150% of direct labor cost. It estimates the competition will bid between $255060 and $311740. IX a) What is the estimated cost of direct labor for the job? 3 b) What is the estimated cost of the job(Labor & MOH)? 5 c) What should it bid to earn a 30% profit on cost? 6 17 18 19 20 21 22