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Author Question: Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single ... (Read 146 times)

asd123

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Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job.

CompanyCase High School Job
Direct materials$40,000$2,000
Direct labor$10,000$400
Manufacturing overhead costs$45,000
Machine-hours100,000mh900mh

What is the bid price for the Case High School job if the company uses a 40% markup of total manufacturing costs?
◦ $3,360
◦ $1,122
◦ $960
◦ $3,927


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Marked as best answer by asd123 on Mar 6, 2021

Heffejeff

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asd123

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Reply 2 on: Mar 6, 2021
Gracias!


patma1981

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Reply 3 on: Yesterday
Excellent

 

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