Modiste Inc. manufactures two kinds of bagstotes and satchels. The company allocates manufacturing overhead using...
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Modiste Inc. manufactures two kinds of bagstotes 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 $24,250. Additional information is given below.
Totes Satchels Direct materials cost per unit $35 $40 Direct labor cost per unit $55 $60 Number of units 500 350
Calculate the predetermined overhead allocation rate.
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