Wellington Recycling recycles newsprint, cardboard, and so forth, into recycled packaging materials. For the coming year, Wellington estimates total manufacturing After the new fiscal year began, Hollings Paper Supply asked Wellington Recycling to bid for a job that will take 1,980 machine hours and 1,750 direct labor hours overhead to be $349,475. The company's managers are not sure if direct labor hours (estimated to be 9,985) or machine hours (estimated to be 13,979 hours) is to produce. The direct labor cost for this job will be $12 per hour, and the direct materials will total $25,600. the best allocation base to use for allocating manufacturing overhead. Wellington bids for jobs using a 29% markup over total manufacturing cost. Read the requirements Requirement 1. Compute the total job cost and bid price if Wellington Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rate. = Predetermined overhead rate Requirements 1. Compute the total job cost and bid price if Wellington Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. 2. Compute the total job cost and bid price if Wellington Recycling decided to use machine hours as the manufacturing overhead allocation base for the year. 3. In addition to the bid from Wellington Recycling, Hollings Paper Supply received a bid of $124,000 for this job from Harris Recycling. What are the ramifications for Wellington Recycling? Print Done