Question: Marigold Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs of the job, allocate overhead as a

Marigold Contracting Company builds additions and remodels homes. The firm's pricing policy is to estimate the direct costs of the job, allocate overhead as a percentage of the direct costs, and then add 20% to this as profit. For the next year, direct costs are estimated at $8,024,000 and overhead costs are estimated at $11,153,360. Determine the company's overhead allocation rate. (Round answer to O decimal places, e.g. 25%.) Overhead allocation rate % Calculate the price that will be quoted to a customer for a remodelling job that is expected to have direct materials costs of $27,000 and direct labour costs of $15,000. Price qoute LA $ If actual direct costs next year are $7,177,000, what would be the amount of overapplied or underapplied overhead? Overhead

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