Reference no: EM132609968
Basked on their total sales forecast for the coming year, a company is expecting to incur $80,000 in material and subcontracts, $100,000 in direct engineering labor, and $80,000 in direct manufacturing labor. The company's total expected indirect expense of $368,000 consists of: $10,000 in indirect material overhead expense; $125,000 inindirect engineering overhead expenses ; $176,000 in indirect manufacturing overhead expenses;and $57,100 in G&A expenses. Assume the company uses direct material and labor costs to allocate their respective overheads and a TCI base to allocate G&A.
Question 1: Which choice below provides ALL the correct rates for material overhead, engineering overhead, manufacturing overhead and G&A (in that same order)?
a. 12.5%, 125%, 2.2%, 12%
b. 12.5%, 125%, 2.2%, 10%
c. 12.5%, 125%, 220%, 10%
d. 1.2%, 125%, 22%, 1%
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