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10 points 150 Rate $300 Architects Staff eBook y Juw viuer cosung LU AT Hansel Company has requested bids from several architects to design its new corporate headquarters. Frey Architects is bidding on the job. Frey estimates that the job will require the following direct labor Estimated Hourly Direct Labor Hours 300 75 Clerical see 20 Frey applies overhead to jobs at 175% of direct labor cost Frey wants to earn at least $80.000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $285.000 and $350,000 for the job. 1. What is Frey's estimated cost of the architectural job? 2. If Frey bids a price of $285,000, what is its expected profit? Will it earn its target profit of $80,000? 3. What bid price would earn the desired $80,000 target profit? Pent References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If Frey bids a price of $285,000, what is its expected profit? Wat it earn its target profit of $80,000? Frey bids a price of $285,000 what is its expected profit? 285.000 Frey bids a price of $285,000, will it earn is target profit of $80.00 C raw Type here to search O . 979 Exercise 2-29 (Static) Pricing services using job order costing LO A1 Hansel Company has requested bids from several architects to design its new corporate headquarters Frey Architects is bidding on the job Frey estimates that the job will require the following direct labor Estimated Hourly Direct Labor Thors Architects 150 $300 Start 300 75 Clerical 500 20 Frey applies overhead to jobs at 175% of direct labor cost Frey wants to earn at least $80,000 profit on the architectural job. Based on past experience and market research, it estimates that the competition will bid between $285,000 and $350,000 for the job 1. What is Freys estimated cost of the architectural job? 2. If Frey bids a price of $285.000, what is its expected profit? Will it earn its target profit of $80.000? 3. What bid price would earn the desired $80,000 target pront? Complete this question by entering your answers in the tabs below. Required 1 teguired 2 Regeleda What bid price would earn the desired $80,000 target profit?