A company manufactures two products, Model S and Model 3. The following information is available:
•Model S: 10,000 units produced, 2,000 direct labor hours, 500 machine hours.
•Model 3: 20,000 units produced, 3,000 direct labor hours, 800 machine hours.
•Total overhead costs: $1,000,000. Allocate overhead costs to each product based on direct labor hours and machine hours.