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|Salvage value of BH3||$ 470|
|Cost of remaining AG5 used [(26 Lots*320 Pounds)-6,200 Pounds]*$0.87||$ 1,844|
|KL 2: 240*26 Lots*$0.54||$ 3,370|
|CW 7: 180*26 Lots*$1.57||$ 7,348|
|DF-6: 260 Pound*26 lots=6,760 Pounds|
|(5,460 Inventory)*($0.59-$0.09 Handling charges)||$ 2,730|
|Remaining 1,300 units*$0.59||$ 767|
|Total direct materials cost||$ 16,529|
|Direct Labor Hours 39 DLH*26 Lots=1,014 DLH|
|Normal Hours: 110, Hence Overtime 1,014-110=904|
|110 DLHs × $18.00 per DLH||$ 1,980|
|904 DLHs × $27.00 per DLH||$ 24,408|
|Total direct labor cost||$ 26,388|
|Variable Overhead Cost:|
|1,014 DLHs × $3.70 per DLH||$ 3,752|
|Total relevant cost of the special order=Minimum Price||$ 46,668|
|AG-5: 8,320 pounds × $0.87 per pound||$ 7,238|
|KL-2: 6,240 pounds × $0.54 per pound||$ 3,370|
|CW-7: 4,680 pounds × $1.57 per pound||$ 7,348|
|DF-6: 6,760 pounds × $0.59 per pound||$ 3,988|
|Total direct materials cost||$ 21,944|
|60% is regual hours i.e. 1,014*60%=608 Regular and overtime is 1,014-608=406|
|608 DLHs × $18.00 per DLH||$ 10,944|
|504 DLHs × $27.00 per DLH||$ 13,608|
|Total direct labor cost||$ 24,552|
|Overhead: The full manufacturing cost includes both fixed and variable manufacturing overhead.|
|Manufacturing overhead applied:|
|1,014 DLHs × $11.50 per DLH||$ 11,661|
|Full manufacturing cost||$ 58,157|
|Markup (40% × $58,157)||$ 23,263|
|Selling price (full manufacturing cost plus markup)||$ 81,420|
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