For the next period, Pacific Ocean Ltd budgets its manufacturing overhead costs at $ 4.9 million. It allocates them to products using direct labour hours as a cost driver. Total direct labour hours are budgeted at 70,000 hours. One customer has requested a bid on a special order of a product. Estimates for this order include: direct materials $50,000; 900 direct labour hours at $30 per hour; manufacturing overhead costs, and a markup rate of 25%. What is the bid price?

Multiple Choice Question Estimated manufacturing overhead$500,000Estimated direct labor cost$250,000Actual manufacturing overhead$720,000Actual direct labor cost$300,000 Based on this information, the predetermined overhead rate per direct labor dollar is:Multiple choice question.$2.88$2.00$1.67 $2.40

A company uses direct labor hours as its allocation base. Management estimates the company will have 10,000 hours of direct labor during the year and total overhead costs of $120,000. The predetermined overhead rate will be $ per hour.

Estimated manufacturing overhead$450,000Estimated direct labor hours150,000Actual manufacturing overhead$405,000Actual direct labor hours180,000 Based on this information, the predetermined overhead rate per direct labor hour is $. (Enter your answer as a whole number.)

A manufacturing company has the following budgeted overhead costs: Indirect materials: $0.50 per unit; Utilities: $0.25 per unit; Supervisory salaries: $60,000; Building rent: $80,000. If the company expects to produce 200,000 units using 100,000 hours of direct labor, the standard overhead rate will be $ per direct labor hour.

A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4 hours of direct labor and the company expects to produce 2,000 units each month. The standard overhead rate will be $ per direct labor hour.