Candle Corp, applies manufacturing overhead costs to products at a budgeted indirect-cost rate of 580...
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Candle Corp, applies manufacturing overhead costs to products at a budgeted indirect-cost rate of 580 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 $44,000; 300 direct manufacturing labor-hours at $25 per hour; and a 20% markup rate on total manufacturing costs. The bid price for this special order is $61,800 $60,500 $81,600 $90,600
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