Each multiple choice question is worth 2 points for a total of 64 points. 1)...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Each multiple choice question is worth 2 points for a total of 64 points. 1) 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 $26,000. Additional estimated information is given below Totes Satchels Direct materials cost per unit Direct labor cost per unit Number of units $4 $6 390 53 510 Calculate the predetermined overhead allocation rate. (Round your answer to two decimal places.) A) 92.69% B) 49.41% C) 94.50% D) 1.58% 2) 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 $25,500. Additional estimated information is given below. TotesSatchels Direct materials cost per unit Direct labor cost per unit Number of units $3 $51 530 $4 350 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.) A) $500 B) $330 C) $11,556 D) $13,945
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
