5. Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the CHS band jacket job. Company $40,000 $10,000 $45,000 100,000 mh CHS Job $2,000 $400 Direct materials Direct labor Manufacturing overhead costs Machine-hours 900 mh Required: (a) What is the total manufacturing cost of the CHS job? (3.5 marks) (b) What is the bid price (selling price) for the CHS job if the company uses a 40% markup of total manufacturing costs? (1.5 marks)