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Please show work: 4. Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor,
Please show work:
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). (Round your intermediate calculations to the nearest percent.) a. What was the company's bid price on the Hastings job if plantwide overhead rate had been used to apply overhead cost? mpany's bid price b. What would the bid price have been if departmental overhead rates had been used to apply overhead cost? Co mputer's bid priceStep by Step Solution
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