Confused. Answer was 80,000 but I don't understand why markup rate isn't included in the cost..
Joni's Kitty Supplies applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of the Toy Mouse product. Estimates for this order include:
Direct materials $40,000;
500 direct manufacturing labor-hours at $20 per hour;
and a 20% markup rate on total manufacturing costs.
Estimated total product costs for this special order equal:
D) None of these answers is correct.
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