4C-4

4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead) a. What was the company's bid price on the Hastings job if the plantwide overhead rate had been used to apply overhead cost? Bid price with plant wide rate b.What would the bid price have been if departmental overhead rates had been used to apply overhead cost? Bid price with departmental rate