5 [10 points]. We provide web-site design services for small and medium businesses. We bid for design jobs based largely on our estimated cost of doing the design job. We estimate the cost of using the design job using normal absorption costing. The only direct cost of a job is the cost of web designers dedicated to the job. All our indirect costs are fixed; we allocate indirect costs to design jobs using web-designer cost as the allocation base. At the beginning of 2012, we estimated our total 2012 indirect costs at $12,980,000. We estimated our total 2012 web-designer cost at $5,500,000. One of the major jobs we bid on was to design a web site for a launch of a new electric car; the bid analysis is below: Bid $875,000 Estimated cost of job 823,200 Estimated margin $51,800 What would be the estimated margin on this bid if we used variable costing?