Ocean Technical Services Applies Manufacturing Overhead Costs to Products at a Predetermined

question 100

Multiple Choice

Ocean Technical Services applies manufacturing overhead costs to products at a predetermined rate of $70 per direct labor hour. One customer has requested a bid on a special order of a product. Estimates for this order include: direct materials $50,000; direct labor 900 direct labor hours @ $30 per hour; and a markup rate of 25%.
-The bid price for this special order is:

• A)$77,000.
• B)$97,000.
• C)$121,250.
• D)$175,000.

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Definitions:

Purposes And Goals

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Adler

Alfred Adler was an Austrian medical doctor, psychotherapist, and founder of the school of individual psychology, emphasizing the importance of feelings of inferiority and the creative self.

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A concept in Freudian psychoanalysis referring to a girl's sense of loss and jealousy over not having a penis, leading to feelings of inferiority and psychological development issues.