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Cerrena
20 days ago
6

Lancelot Manufacturing is a small textile manufacturer using machinehours as the single indirectcost rate to allocate manufactur

ing 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. Company Case High School Job Direct materials Direct labor Manufacturing overhead costs Machinehours mh mh What is the bid price for the Case High School job if the company uses a ​% markup of total manufacturing​ costs?

Business
1 answer:
soldi70 [3.1K]20 days ago
7 0
Answer: $3,927 Explanation: To calculate the bid price, we follow certain steps: Manufacturing overhead rate = Overhead cost ÷ Machine hours = 45,000 ÷ 100,000 = $0.45. Total manufacturing cost allocated to the school: 2,000 + 400 + (900 × 0.45) = $2,805. The markup cost = $2,805 × 0.4 = $1,122. Therefore, the job's bid price = Total manufacturing cost + Markup cost = $2,805 + $1,122 = $3,927.
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Answer:

Explanation:

(a). By plotting the data on an Excel spreadsheet, the uploaded image below represents our findings

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Answer:

The company’s offer for the rights to name the stadium amounts to $71,760.

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