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Tyson Company applies overhead costs to jobs using direct labor hours as the activity. The company's management developed following estimates for 2027: 2027 Estimates
Tyson Company applies overhead costs to jobs using direct labor hours as the activity. The company's management developed following estimates for 2027: 2027 Estimates Overhead cost Direct labor hours $810,000 90,000 Tyson Company operates two departments, the preparation department and the assembly department. The company is preparing to bid on Job #49 which requires the following costs and resources: Preparation Direct material cost $510 Direct labor cost $730 Direct labor hours 450 Assembly $760 $690 200 When bidding for jobs, Tyson Company sets its bid price at 125% of manufacturing cost. Calculate the bid price for Job #49.
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