Problem Solving 1:Teledex Company manufactures products to customer's specifications, and the company's manufacturing overhead is applied to jobs on the basis of director labor cost. The plant manager estimated the annual cost of direct labor at $600,000 and manufacturing overhead at $840,000. The company received an order from NB Constructions, and the job's direct material cost is $4,600 and total direct labor cost for January is $9,500.Required 1: compute the manufacturing overhead rate.Required 2: compute the manufacturing cost for NB Construction's job.Required 3: the company received an inquiry from SR Properties, and the plant manager estimated that the direct material cost is $6,000 and the direct labor cost $11,000. The company usually add 120% more to the manufacturing cost for bidding, so what is the bidding price for the SR Properties' job?Required 4: Teledex received 15 job orders this year. At the end of the year, the total direct labor cost is $580,000 and the total manufacturing overhead is $864,000.a.Did Teledex underapply or overapply manufacturing cost for this year?b.What is the amount of manufacturing cost to be adjusted?

Question 1: Teledex Company manufactures products to customer's specifications, and the company's manufacturing overhead is applied to jobs on the basis of director labor cost. The plant manager estimated the annual cost of direct labor at $600,000 and manufacturing overhead at $840,000. The company received an order from NB Constructions, and the job's direct material cost is $4,600 and total direct labor cost for January is $9,500. A) compute the manufacturing overhead rate. B) compute the manufacturing cost for NB Construction's job C) the company received an inquiry from SR Properties, and the plant manager estimated that the direct material cost is $6,000 and the direct labor cost $11,000. The company usually add 120% more to the manufacturing cost for bidding, so what is the bidding price for the SR Properties' job? D) Teledex received 15 job orders this year. At the end of the year, the total direct labor cost is $580,000 and the total manufacturing overhead is $864,000. Did Teledex underapply or overapply manufacturing cost for this year? )that is the amount of manufacturing cost to be adjusted