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Modiste, 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 $24,000. Additional estimated information is given below.

   Totes   Satchels
Direct materials cost per unit   $33   $43
Direct labor cost per unit   $50   $61
Number of units   530   380

Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.)
A) 1.36%
B) 90.57%
C) 96.58%
D) 48.31%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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