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badpotterchris
20.07.2020 •
Mathematics
Lancelot Manufacturing is a small textile manufacturer using machineminus−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.
Company Cae High School Job
Direct materials $40,000 $2,000
Direct labor $10,000 $400
Manufacturing overhead costs $45,000
Machine-hours 100,000 mh 900 mh
What is the bid price for the Case High School job if the company uses a 40% markup of total manufacturing costs?
A. $1,122.
B. $3,927.
C. $960.
D. $3,360.
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Ответ:
The correct answer is B.
Step-by-step explanation:
Giving the following information:
Job:
Direct materials= $2,000
Direct labor= $400
Machine-hours= 900 mh
Company:
Manufacturing overhead costs $45,000
Machine-hours 100,000 mh
Selling price= 40% markup of total manufacturing costs
First, we need to calculate the predetermined overhead rate to allocate overhead:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 45,000/100,000
Predetermined manufacturing overhead rate= $0.45 per machine hour
Now, we can calculate the total cost and the selling price:
Total cost= 2,000 + 400 + 0.45*900= $2,805
Selling price= 2,805*1.4= $3,927
Ответ:
answer:
c
step-by-step explanation:
width of the rectangle = x
length of the rectangle = x+5
area of the rectangle = length * width
= (x+5)*x
= x*x + 5*x
= x² + 5x