Bella, 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 $26,000. Additional estimated information is given below. Totes Direct materials cost per unit $30 Direct labor cost per unit $52 Number of units 510 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) OA. 86.15% OB. 1.68% OC. 98.04% OD. 53.15% Satchels $45 $64 350 CIT

Bella, 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 $26,000. Additional estimated information is given below. Totes Direct materials cost per unit $30 Direct labor cost per unit $52 Number of units 510 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) OA. 86.15% OB. 1.68% OC. 98.04% OD. 53.15% Satchels $45 $64 350 CIT

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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