Meow Supplies applies manufacturing overhead costs to products at a budgeted indirect-cost rate of P60 per...

Meow Supplies applies manufacturing overhead costs to products at a budgeted indirect-cost rate of P60 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 P40,000; 500 direct manufacturing labor-hours at P20 per hour; and a 20% markup rate on total manufacturing costs.

Manufacturing overhead cost estimates for this special order total:

Expert Solution

Manufacturing overhead cost= budgeted indirect cost rate*direct manufacturing labour hour

=P60*500 direct manufacturing labour hour

= P30000

ekkarill92 answered 2 years ago

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