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Each multiple choice question is worth 2 points for a total of 64 points. 1)...

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Accounting

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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

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