What the bid price for this special order is

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Reference no: EM132547954

Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect cost rate of $80 per direct manufacturing labor hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of 45,000; 350 direct manufacturing labor hours at $30 per hour; and a 40% markup rate on total manufacturing costs..

Question 1: The bid price for this special order is ________.

Group of answer choices

Option 1: $57,500

Option 2: $101,500

Option 3: 73,500

Option 4: $116,900

Reference no: EM132547954

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