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A company budgeted $300,000 in supervisory salaries, which the company allocates to products based on direct labor cost. The direct labor budget includes 10,000 direct

A company budgeted $300,000 in supervisory salaries, which the company allocates to products based on direct labor cost. The direct labor budget includes 10,000 direct labor hours at an hourly wage of $10.

Required:

The budgeted indirect cost rate is...

A. $3.00

B. $30.00

C. dependent on actual direct labor hours used

D. different for each product

E. $3,000

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