Drop downs:

1. Compute the total job cost and bid price if Rosa Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. 2. Compute the total job cost and bid price if Rosa Recycling decided to use machine hours as the manufacturing overhead allocation base for the year. 3. In addition to the bid from Rosa Recycling, Lundy Paper Supply received a bid of $125,000 for this job from Harris Recycling. What are the ramifications for Rosa Recycling? After the new fiscal year began, Lundy Paper Supply asked Rosa Recycling to bid for a job that will take 2,000 machine hours and 1,650 direct labor hours to produce. The direct labor cost for this job will be $14 per hour, and the direct materials will total $25,900. Rosa Recycling recycles newsprint, cardboard, and so forth, into recycled packaging materials. For the coming year, Rosa estimates total manufacturing overhead to be $359,640. The company's managers are not sure if direct labor hours (estimated to be 9,990) or machine hours (estimated to be 17,982 hours) is the best allocation base to use for allocating manufacturing overhead. Rosa bids for jobs using a 29% markup over total manufacturing cost. Read the fequirements !! Requirement 1. Compute the total job cost and bid price if Rosa Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rate. Predetermined overhead rate Requirement 1. Compute the total job cost and bid price if Rosa Recycling decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the predetermined overhead rate based on direct labor hours. Identify the formula and then compute the rate. = Predetermined overhead rate Estimated yearly direct labor costs Estimated yearly direct labor hours Estimated yearly machine hours Estimated yearly overhead costs