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 $25,750. Additional estimated information is given below. Totes $34 OA. $342 OB. $11,728 OC. $486 D. $14,021 Satchels $41 $63 380 Direct materials cost per unit Direct labor cost per unit $53 Number of units 540 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.) Co

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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 $25,750. Additional estimated information is given below.
Totes
Direct materials cost per unit
$34
Direct labor cost per unit
$53
Number of units
540
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)
Satchels
$41
$63
380
OA. $342
OB. $11,728
OC. $486
ⒸD. $14,021
Co
Transcribed Image Text: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 $25,750. Additional estimated information is given below. Totes Direct materials cost per unit $34 Direct labor cost per unit $53 Number of units 540 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) Satchels $41 $63 380 OA. $342 OB. $11,728 OC. $486 ⒸD. $14,021 Co
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