## Answers

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Req 1 | ||

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 | |

Req 2 | ||

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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