The Hughes Company is involved in a competitive bidding situation. Variable costs related to the project total $290,000. and allocated fixed overhead is $95,000. What cost figure should be used in setting a minimum bid price if Hughes has excess capacity?© BrainMass Inc. brainmass.com June 3, 2020, 10:10 pm ad1c9bdddf
The solution explains how to calculate the minimum bid price with excess capacity.