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5. Bright Light Corporation is considering a special order that it received for 115 overhead...

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Accounting

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5. Bright Light Corporation is considering a special order that it received for 115 overhead lamps. The controller has gathered the following data: Direct materials costs per 350 overhead lamps $7,700 Average hourly labor rate $14.50 Direct labor hours per overhead lamp 8 Administrative expenses per order received $ 230 Shipping cost per overhead lamp $17 Manufacturing overhead rates per direct labor hour: Fixed $9.00 Variable $5.00 Assuming Bright Light Corporation would be satisfied with a $60 gross profit per overhead lamp, compute (show your work in detail) the bid price for the entire order. (10 points)

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