Wood Manufacturing is a small textile manufacturer using machine-hours as the single, plant-wide predetermined cost driver rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Winfield High School band jacket job:
-What is the bid price for the Winfield High School Job if the company uses a 40% markup of total manufacturing costs?

Question

Wood Manufacturing is a small textile manufacturer using machine-hours as the single, plant-wide predetermined cost driver rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Winfield High School band jacket job: 
-What is the bid price for the Winfield High School Job if the company uses a 40% markup of total manufacturing costs?

Quizplus · Accepted Answer

D)$2,058 = $1,470 × 1.40

Wood Manufacturing Is a Small Textile Manufacturer Using Machine-Hours as the Single