Question: Gibson Manufacturing is a small textile manufacturer using machine-hours to allocate manufacturing overhead. The following budgeted items are provided for the coming year for the

Gibson Manufacturing is a small textile manufacturer using machine-hours to allocate manufacturing overhead. The following budgeted items are provided for the coming year for the company and actual cost for the Winfield High School band jacket job.

1. What amount of manufacturing overhead will be allocated to the Winfield job?
2. What are the total manufacturing costs of this job?
3. What is the bid price for the Winfield High School job if the company uses a 40% markup of total manufacturingcosts?

Particulars Direct materials Direct labor Manufacturing overhead S30,000 Machine hours Company $40,000 $10,000 Winfield High School Job S1,000 S200 100000 900 Mh

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