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4:27 < Search < Assignment 3-1.pdf Murray Inc. produces manufactured homes. The company s two primary products are: a one-bedroom model and a two-bedroom model. Texas Division of Emergency Management (TDEM) has recently requested Murray to send a bid for 150 emergency housing to be provided to hurricane victims in Texas. The one-bedroom model is similar to emergency huts. Mia Smith, a management accountant at Murray, is responsible for preparing the bid. While creating the bid, Mia finds a recent invoice to TDEM for 200 huts sent during the recent tornadoes in Texas. Cost data for the one-bedroom model are presented below: Direct materials Direct manufacturing labor Manufacturing overhead* Total cost Retail markup on total cost Retail price per unit 32 hours $3-50 per direct labor dollar *This cost contains inspection labor, setup labor, and other indirect costs. Cost data in the invoice are presented below: Direct materials Direct manufacturing labor* * Manufacturing overhead $3-50 per direct labor dollar Total cost Government contract markup on total cost Total due $9,500 $704 250/6 $15,835 $2,090,000 $164,400 $575-400 20% $3,395,760 * *This cost contains 30 production hours per unit, 4 inspection hours per unit, and 6 setup house per unit. Required: 1. (1 point) What is the total bid if the cost data for the one-bedroom model are used? Assume government contract markup is 20%. 2. (1 point) What is the total bid if the invoice is used? Assume government contract markup is 20%. 3. (2 points) Discuss the primary differences between the bids in requirements 1 and 2. 4. (1 point) See the IMA "Standards of Ethical Professional Practice" in Chapter 1 Appendix. Which specific standard(s) should Mia consider when she makes a decision regarding which bid she will send to TDEM? Dashboard Calendar Notifications Inbox