Byrne Inc Is Involved in a Competitive Bidding Situation Which of the Following Cost Figures Should Be Used in Following

Byrne Inc. is involved in a competitive bidding situation. The following costs are anticipated for a project to be bid with the City of Kingston: $\begin{array} { | l | r | } \hline \text { Direct material } & \$ 340,000 \\\hline \text { Direct labour } & 610,000 \\\hline \text { Allocated variable overhead } & 420,000 \\\hline \text { Allocated fixed cost } & 110,000 \\\hline\end{array}$ Which of the following cost figures should be used in setting a minimum bid price if Byrne has excess capacity?

A) $340,000.
B) $530,000.
C) $950,000.
D) $1,370,000.
E) $1,480,000