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 $24,250.Additional information is given below. 
-Calculate the predetermined overhead allocation rate.
A) 45%
B) 50%
C) 60%
D) 30%
Correct Answer:
Verified
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