Business High School

Manton Manufacturing applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy Bear product. Estimates for this order include: Direct materials of $79,000; 680 direct manufacturing labor-hours at $25 per hour; and a 25% markup rate on total manufacturing costs. Manufacturing overhead cost estimates for this special-order total ________.

Answers

Answer 1

Answer: $40,800

Explanation:

Given the following :

Indirect cost rate = $60 per direct manufacturing labor-hour

Total direct manufacturing labor-hour of special order = 680

Thus means that the Indirect cost or overhead associated with the manufacture of the special order is :

(Total direct manufacturing labor-hour × Indirect cost per direct manufacturing labor-hour)

= (680 labor-hours × $60)

= $40,800

Therefore, Manufacturing overhead cost estimates for this special-order total is $40,800.

Related Questions

By agreeing to work together, either formally or informally, oligopolies in a market can ________ profits by reducing output and charging a ________ price which is much like a monopoly.

Answers

Answer:

increase, high.

Explanation:

By agreeing to work together, either formally or informally, oligopolies in a market can increase profits by reducing output and charging a high price which is much like a monopoly. When firms form an oligarchy in a market to reduce output and keep prices high, it is called collusion. They more or less become like a monopolistic entity as they collude together to reduce output and demand an agreed higher price.

Mr. X and Y are having a discussion. Mr. X felt that business is based on selfish desires to gain higher and higher profits while Mr. Y felt that profit is essential for business. Can you support Mr. Y's case by providing strong points for his favour.

Answers

Answer: Ensure running cost is maintained to sustain business.

Explanation:

Resources to drive the business; probably the capital to start the business ain't much to cover for the production of more products or to cover for other expenses, here there would be a valid point for an increase in finances in some areas which won't be based on greed or selfishness. The running cost of a business matters, so the business doesn't crumble or there isn't enough return on investment.

Why is the price floor above the equilibrium point and the price ceiling below the equilibrium point? Please explain as well!

Answers

Answer:

THE GIVEN STATEMENT IS WRONG.

The prices and the quantities of the products are usually set up by considering demand and supply. Sometimes, people may not agree with the price of a certain thing. Due to these reason, the government may set a maximum and minimum price limits on a product so it always remains in a certain range.

The upper limit is Price Ceiling. When a Price Ceiling is set below the equilibrium point, the demand will exceed the supply and shortages will occur.

The lower limit is Price Floor. When a price floor is set above the equilibrium point, the supply will exceed the demand, resulting in surplus quantity of a product

Do you think a luxury brand can ever be called good value? Explain your answer


yes like sometimes because in quality or the design and Makes something good.

Answers

I do believe luxurious brands are very picky with there titles
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