A company manufactures two products, A and B. The following information is available:

• Product A: 1,000 units produced, 500 direct labor hours, 200 machine hours.
• Product B: 2,000 units produced, 800 direct labor hours, 300 machine hours.
• Total overhead costs: $50,000. Calculate the overhead allocation rate per direct labor hour and per machine hour. Then allocate overhead costs to each product.