Joni's Kitty Supplies applies manufacturing overhead costs to products at a budgeted rate of $60 per direct manufacturing labor-hour. A retail outlet has
requested a bid on a special order of the Toy Mouse product. Estimates for this
order include: Direct materials $40,000; 500 direct manufacturing labor-hours at
$20 per hour; and a 20% markup rate on total manufacturing costs.
What is the estimated manufacturing overheads for this order?
What is the estimated total product cost for this order?
What is the bid price for this order?

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.