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need help 11)Bob makes jackets. He uses machine-hours as the single indirect-cost rate to allocate O/H. The following estimates are provided for the coming year
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11)Bob makes jackets. He uses machine-hours as the single indirect-cost rate to allocate O/H. The following estimates are provided for the coming year for the company and for the Winton High School band jacket job. Company Winton High School Job Direct materials $40,000 $2,000 Direct labor $10,000 $400 Manufacturing overhead costs $45,000 Machine-hours 100,000 mh 900 mh What is the annual manufacturing overhead cost-allocation rate for Bob's entire company (plant-wide) rate? 12)What amount of O/H costs will be allocated to the Winton High School job? 13)What are the total manufacturing costs of this job? 14)What is the bid price for the job if the company uses a 40% markup of total manufacturing costs? 15)Bob applies O/H to products at a budgeted indirect-cost rate of $60 per DLH. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: DM of $50,000; 400 DLH at $20 per hour; and a 30% markup rate on total manufacturing costs. Estimated total product costs for this order equal anted indirert-cost rate of $18 per DLH. The following data apply to June Step by Step Solution
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