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Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $95 per direct manufacturing labor-hour. A retail outlet has
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $95 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $44,000; 250 direct manufacturing labor - hours at $30 per hour, and a 50% markup rate on total manufacturing costs. The bid price for this special order is O A. $77.250 B. $101,625 c. $60,250 OD. $112,875
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