Bella, 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 $24,750. Additional estimated information is given below. Direct materials cost per unit Direct labor cost per unit Totes $30 Satchels $44 $52 $64 510 400 Number of units Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) A. 47.49% OB. 93.33% OC. 1.6% OD. 103.43%