Assume that Ruiz Company, which manufactures snowmobiles and riding mowers in a single factory, uses Single Plantwide Factory Overhead allocation method. It has total budgeted factory overhead costs of $1,600,000 for the year. The total budgeted direct labor hours are computed as follows: Particulars Snowmobiles Riding Mowers Total Planned production for the year 1000 Units Direct labor hrs. per unit 10 hrs. Budgeted total direct labor hrs. Compute: 1. Budgeted labor hours 2. Single Plantwide Factory Overhead Rate 3. Factory overhead cost per unit 1000 Units 10 hrs. 2000 Units