Maynard Realtors a real estate consulting firm specializes i

Maynard Realtors, a real estate consulting firm, specializes in advising companies on potential new plant sites. The company uses a job order costing system with a predetermined overhou labor costs. At the beginning of 2016, managing partner Lee Maynard prepared the (click the icon to view the prepared budget ) Chance Manufacturing. Inc. is inviting several consultants to bid for work. Lee Maynard wants to submit a bid. He estimates that this job will require about 180 direct labor hours Read the requirements Now compute Maynard Realtors\' (b) predetermined overhead allocation rate Estimated total indirect costsEstimated direct labor costs Requirement 2. Compule the predicted cost of the Chance Manufacturing jo allocation rate 1,980,000 2,200,000 90% Data Table Maynard Realtors Esíimated Cost of the Chance Manufacturing Job Direct labor hours (professionals) Direct labor costs (professionals) Office rent Support staff salaries Usilities 13,750 hours Direct labor 2,200,000 370,000 ,180,000 430,000 13750 hrsx 160 1601 1 2200000 2200000 Indirect costs 90%x Total predicted cost oose from any list or enter any number in the input fields and then click Check Ansr

Solution

Computation of Predicted cost of chance manufacturing job :-

Direct labour (13750*160) = 2200000

Indirect labour cost = (90%*1980000) = 1782000

Total predicted cost is = 3982000/-