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Comfort Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to...

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Accounting

  1. Comfort Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost 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 Winton High School band jacket job.

Company

Winton High School Job

Direct materials

$40,000

$2,000

Direct labor

$10,000

$400

Manufacturing overhead costs

$45,000

Machine-hours

100,000 mh

900mh

What is the bid price for the Winton High School job if the company uses 40% markup of total manufacturing costs?

  1. $3,927
  2. $2,058
  3. $2,880
  4. $2,310
  5. None of the above

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