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 $24,500. Additional estimated information is given below. TotesSatchelsDirect materials cost per unit$31$41Direct labor cost per unit$53$63Number of units500360Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar.)Group of answer choices$11,299$333$13,202$462

Total Direct labor cost = (Direct labor cost per unit of Totes x Number of units of Totes) +…

Answered: Bag Ladies, Inc. manufactures two kinds…

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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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 $24,500. Additional estimated information is given below.

	Totes	Satchels
Direct materials cost per unit	$31	$41
Direct labor cost per unit	$53	$63
Number of units	500	360

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.)

Group of answer choices

$11,299

$333

$13,202

$462

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