Bag Ladies, 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 $24,250. Additional estimated information is given below. Totes $30 $51 500 OA $475 B. $352 OC. $11.770 OD. $12,480- Satchels $45 $65 370 Direct materials cost per unit Direct labor cost per unit Number of units 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)

Bag Ladies, 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 $24,250. Additional estimated information is given below. Totes $30 $51 500 OA $475 B. $352 OC. $11.770 OD. $12,480- Satchels $45 $65 370 Direct materials cost per unit Direct labor cost per unit Number of units 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)

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Description: Bag Ladies, 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. Estimatedoverhead costs for the year are $24,250. Additional

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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