Ikerd Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $316,500 for the year, and machine usage is estimated at 126,600 hours. For the year, $341,100 of overhead costs are incurred and 132,000 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, e. g. 1.25.) Manufacturing overhead rate $enter a dollar amount rounded to 2 decimal places per machine hour

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $