Hulk 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 524.500. Additional estimated information is given below. Totes Satchels Direct materials cost per unit $41 Direct labor cost per unit $53 $63 Number of units 500 360 531 Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar. $13.202 $462 5333 $11.299 "Thor Inc" produces 400,000 hi-tech computer chips per month. Each chip uses a component that Thor makes in-house. The variable costs to make the component are $1.30 per unit and the fixed costs are $1.300.000 per month. The company has been approached by a foreign producer who can supply the component within acceptable quality standards, for $1.20 each. The fixed costs are unavoidable, and Thor would have no other use for the facilities currently employed in making the component. What would be the effect on operating income if the company decides to outsource? There would be no effect on operating income. "Thor Inc could save $1,300,000 per month in costs." . "Thor Inc could save $40,000 per month in costs." "Thor inc's costs would increase by 5480.000 per month