?Modiste, Inc. manufactures two kinds of bagslong dash—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 comma 500$24,500. Additional estimated information is given below.
Totes
Satchels
Direct materials cost per unit
$ 34$34
$ 43$43
Direct labor cost per unit
$ 52$52
$ 63$63
Number of units
510510
390390
Calculate the predetermined overhead allocation rate.
A.92.38?%
B.47.95?%
C.100.29?%
D.1.40?%
Ans: B.47.95?%
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