12) Modiste, Inc. manufactures two kinds of bags-totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $26,000. Additional estimated information is given below. Totes Satchels Direct materials cost per unit Direct labor cost per unit Number of units $32 $63 390 510 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) A) 49.41% B) 1.58% C) 94.50% D) 92.69%