Answer the Following Questions Using the Information Below

Multiple Choice

Answer the following questions using the information below:
Pearl Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $60 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $50,000; 400 direct manufacturing labor-hours at $20 per hour; and a 30% markup rate on total manufacturing costs.
-The bid price for this special order is ________.

A) $66,000
B) $106,600
C) $86,600
D) $116,600