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Oinoy Recycling rocycles newsprint, cardboard, and so forth into recycled packaging materials. For the coming year. Olney estimates total manufacturing overhead to be $370,000. The company's managers are not sure if direct labor hours (estimated to be 10.000) or machine hours (estimated to be 14,800 hours) is the best allocation base to use for allocating manufacturing overhead Ciney bids for jobs using a 31.markup over total manufacturing cost After the new fiscal year began Hollings Paper Supply asked Olney Recycling to bid for a job that will take 1.995 machine hours and 1.550 direct labor hours to produce. The direct labor cost for this job will be $12 per hour, and the direct materials will $25,100 Read the g arments Requirement 1. Compute the total job cost and bid price Oney Recyding decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the prodatermined overhead rate based on direct labor hours. Identify the formula and then compute the rate - Pradiotermined overhead rate per hour Requirements Next we will the total cost 1. Compute the total job cost and bid prianit Olney Recycling decided to use direct labor housemua overheadstone for the year 2 Compute the total job cost and bid price it Olney Recycling decided to use machine hours 3. In addition to the bid from Olney Recycling, Hollings Paper Supply received a bid of $125.000 for this job from Kristal Recycling. What are the ramifications for Olney Recycling Totaljob cost Print Done Compute the bid price Olney decided to use direct labor hours as the manufacturing overhead allocation base for the year. Round all amounts to the nearest whole dollar.) Bd price Requirement 2. Compute the total job cost and bid price if Olney Recycling decided to use machine hours as the manufacturing overhead allocation base for the year Calculate the predatormined overhead rate based on machine hours, cantity the fomula and then compute the rate = Pradetermined overhead rato per hour Next we will calculate the total cost. Compute the bid price Olney decided to use machine hours as the manufacturing overhead allocation base for the year. Round all amounts to the nearest whole dolar) Bd price Requirements. In addition to the bid from Olney Recycling. Hollings Paper Supply received a bid of $125,000 for this job from Kristal Recyding. What are the ramifications for Olney Recycling? Whether or not Olney wins the bid will depend on the location base the company chose to use during the year. Olney's bid price will be in the company uses direct labor hours as the allocation base. In this case, the company will probably the job to Kristal Recycling, since its bid was $ However, Olney will probably the bid machine hours is used as the location base. Using machine hours as an allocation the bid machine base results in a bid price of $ Oinoy Recycling rocycles newsprint, cardboard, and so forth into recycled packaging materials. For the coming year. Olney estimates total manufacturing overhead to be $370,000. The company's managers are not sure if direct labor hours (estimated to be 10.000) or machine hours (estimated to be 14,800 hours) is the best allocation base to use for allocating manufacturing overhead Ciney bids for jobs using a 31.markup over total manufacturing cost After the new fiscal year began Hollings Paper Supply asked Olney Recycling to bid for a job that will take 1.995 machine hours and 1.550 direct labor hours to produce. The direct labor cost for this job will be $12 per hour, and the direct materials will $25,100 Read the g arments Requirement 1. Compute the total job cost and bid price Oney Recyding decided to use direct labor hours as the manufacturing overhead allocation base for the year. First calculate the prodatermined overhead rate based on direct labor hours. Identify the formula and then compute the rate - Pradiotermined overhead rate per hour Requirements Next we will the total cost 1. Compute the total job cost and bid prianit Olney Recycling decided to use direct labor housemua overheadstone for the year 2 Compute the total job cost and bid price it Olney Recycling decided to use machine hours 3. In addition to the bid from Olney Recycling, Hollings Paper Supply received a bid of $125.000 for this job from Kristal Recycling. What are the ramifications for Olney Recycling Totaljob cost Print Done Compute the bid price Olney decided to use direct labor hours as the manufacturing overhead allocation base for the year. Round all amounts to the nearest whole dollar.) Bd price Requirement 2. Compute the total job cost and bid price if Olney Recycling decided to use machine hours as the manufacturing overhead allocation base for the year Calculate the predatormined overhead rate based on machine hours, cantity the fomula and then compute the rate = Pradetermined overhead rato per hour Next we will calculate the total cost. Compute the bid price Olney decided to use machine hours as the manufacturing overhead allocation base for the year. Round all amounts to the nearest whole dolar) Bd price Requirements. In addition to the bid from Olney Recycling. Hollings Paper Supply received a bid of $125,000 for this job from Kristal Recyding. What are the ramifications for Olney Recycling? Whether or not Olney wins the bid will depend on the location base the company chose to use during the year. Olney's bid price will be in the company uses direct labor hours as the allocation base. In this case, the company will probably the job to Kristal Recycling, since its bid was $ However, Olney will probably the bid machine hours is used as the location base. Using machine hours as an allocation the bid machine base results in a bid price of $