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Candle Corp. applies manufacturing overhead costs to products at a budgeted indirectcost rate of $75 per direct manufacturing laborhour. A retail outlet has requested a
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirectcost rate of $75 per direct manufacturing laborhour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $45,000 direct manufacturing laborhours at $ 35 per hour; and a 40% markup rate on total manufacturing costs. The bid price for this special order is ________
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