Manton manufacturing applies manufacturing overhead costs to products at a budgeted indirectminuscost rate of $ 90 per direct manufacturing laborminushour. a retail outlet has requested a bid on a special order of the toy bear product. estimates for this order include: direct materials of $ 87 comma 000; 700 direct manufacturing laborminushours at $ 40 per hour; and a 20% markup rate on total manufacturing costs. manufacturing overhead cost estimates for this special-order total

Manufacturing overhead cost estimates for this special-order is $63,000

Explanation:

The computation of the manufacturing overhead is shown below:

=  Actual direct labor-hours × predetermined or estimated overhead rate

= 700 direct labor hours × $90

= $63,000

It shows a relationship between the estimated overhead rate and the actual direct labor hours

For better understanding, we provided the formula to compute the estimated manufacturing overhead rate.

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

answer; whoever is willing and able to pay the price;