XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct

Fantastic news! We've Found the answer you've been seeking!

Question:

XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $35,000; 250 direct manufacturing labor-hours at $25 per hour; and a 30% markup rate on total manufacturing costs.

The bid price for this special order is ________.