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Bella, Inc. manufactures two kinds of bagstotes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the
Bella, Inc. manufactures two kinds of bagstotes 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. Direct materials cost per unit Direct labor cost per unit Number of units Totes $34 $54 500 Satchels $40 $61 350 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) A. 53.77% B. 96.30% C. 1.52% D. 82.12%
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