identify current asset and current liability from balancesheet

please ignore above written text,

You ate required to restate thr cost estimate

Estimated variable cost per machine hour Fixed departmental overhead Departmental profit 10 8 7 25 Department P's facilities are frequently hired out to other firms and a charge of 730 per hour is made. There is a steady demand from outside customers for the use of these facilities. Overhead Department 0 : Department Q uses a transfer price of 20 for charging out machine processing time to other Departments. This charge is calculated as follows: Estimated variable cost per machine hour Fixed departmental overhead Departmental profit 8 9 3 20 Estimating department: This department charges out its time to specific jobs using a rate of 3 51- per hour. The average wage rate within the department is 2.50 per hour but the higher tate is justified as being necessary to cover departmental overheads and the work done on unsuccessful quotations Planning department: This department also uses a charging out rate which is intended to cover all departmental costs. The offer received for the above contract is 270,000. You are required to restate the cost estimate by using an opportunity cost approach. Make any assumptions that you deem to be necessary and briefly justify each of the figures that you give. Cost Estimate Inquiry 205 H 81 500 Direct material and components: 2,000 units of A at