Firebolt Industries manufactures two products: alpha and beta. Each unit of alpharequires 1 direct labor hour in the Fabrication department and 2 direct labor hours in the Assembly department. Each unit of beta requires 2 direct labor hours in the Fabrication department and 1 direct labor hour in the Assembly department. For the year. 2.000 units of alpha are budgeted for 6,000 direct labor hours of production; 2000 units of beta are budgeted for 6,000 direct labor hours of production. Total factory overhead of $108.000 is budgeted for the two departments: $72,000 for Fabrication and $36,000 for Assembly. What is the department factory overhead rate for the Assembly department? 2 O $6 per direct labor hour O $ 9 per direct labor hour O $12 per direct labor hour O $27 per direct labor hour Question 9 A company reports the following: 2020 2019 Net income $120,000 $140,000 Shares of common stock outstanding 10,000 10.000 Cash dividend per share $1.00 $1.20 Market price per share of common stock $30.00 $40.00 What caused the price-earnings ratio to move lower in 2020? lower cash dividends paid per share more shares of common stock outstanding higher profitability lower market price per share of common stock Rodou 23