Homework Answers
| Total Manufacturing Cost and Bid Price: | |||||
| Direct Material cost incurred | 44,000 | ||||
| Direct Labour cost (250 DLH @ 30 per hour) | 7,500 | ||||
| Manufacturing Oh applied (250 DLH @95) | 23,750 | ||||
| Total Manufacturing cost | 75,250 | ||||
| Add: Markup @ 50% | 37,625 | ||||
| Bid Price | 1,12,875 | ||||
| Answer is D. $ 112,875 | |||||
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Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of...
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