Overhead Rates, Unit Costs Folsom Company manufactures specialty tools to customer order. There are three producing departments. Departmental information on budgeted overhead and various activity measures for the coming year is as follows: Welding Assembly Finishing Estimated overhead $220,000, $62,000, $150,000 Direct labor hours 4,500, 10,000, 6,000 Direct labor cost $90,000, $150,000, $120,000 Machine hours 5,000, 1,000, 2,000 Job 1 Job 2Direct materials $6,725 $9,340 Direct labor cost $1,800 $3,100 Direct labor hours: Welding 20 10 Assembly 60 20 Finishing 20 70 Number of machine hours: Welding 50 50 Assembly 60 25 Finishing 90 125 The typical bid price includes a 35% markup over full manufacturing cost. What is the bid price of each job using this rate?What is the bid price of each job using these rates?