Lois Manufacturing is a small clothing manufacturer using machine hours as the single cost driver 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 Harford County School Uniform job.

Required:
a.For Lois Manufacturing,determine the annual manufacturing overhead cost driver rate.
b.Determine the amount of manufacturing overhead costs estimated for the Harford County job.
c.Determine the bid price for the Harford County's job.

Question

Lois Manufacturing is a small clothing manufacturer using machine hours as the single cost driver 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 Harford County School Uniform job.

Required:
a.For Lois Manufacturing,determine the annual manufacturing overhead cost driver rate.
b.Determine the amount of manufacturing overhead costs estimated for the Harford County job.
c.Determine the bid price for the Harford County's job.

Quizplus · Accepted Answer

The Answer of Lois Manufacturing is a small clothing manufacturer using machine hours as the single cost driver 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 Harford County School Uniform job.

Required:
a.For Lois Manufacturing,determine the annual manufacturing overhead cost driver rate.
b.Determine the amount of manufacturing overhead costs estimated for the Harford County job.
c.Determine the bid price for the Harford County's job.

Lois Manufacturing Is a Small Clothing Manufacturer Using Machine Hours