Accordingly an imbalance situation exists between the

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: the Patterson High School job Direct materials $500 Direct manufacturing labor Manufacturing overhead costs Estimated total manufacturing costs $100 $320 $920 Quick Check ü༏ Joni's Kitty Supplies 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 Mouse product. Estimates for this order include: Direct materials $40,000; 500 direct manufacturing labor- hours at $20 per hour; and a 20% markup rate on total manufacturing costs. Manufacturing overhead cost estimates for this special order total: A) $10,000 $60 × 500 dlh = $30,000 B) $30,000 C) $36,000 D) None of these answers is correct. Quick Check ü༏ Joni's Kitty Supplies applies manufacturing overhead costs to products at a budgeted indirect- cost rate of $60 per direct manufacturing labor- hour. A...
View Full Document

This document was uploaded on 02/16/2014 for the course ACC 311 at Cal Poly Pomona.

Ask a homework question - tutors are online