12) Leather Company makes two types of women's handbags. Making a standard handbag requires 2 hours of labor while making a deluxe handbag requires 5 hours of labor. During the most recent accounting period the company made 2,000 standard handbags and 500 deluxe handbags. Indirect manufacturing costs amounted to $52,000. Based on this information: A. $16 of overhead cost should be assigned to each standard handbag and $40 of overhead cost should be assigned to each deluxe bag. B. None of the these. C. $8 of overhead cost should be allocated to each handbag regardless of the type of handbag made. D. $20.80 of overhead cost should be allocated to each handbag regardless of the type of handbag made