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12 Hoover Corporation uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of standard direct labor-hours (DLHS). Hoover's total applied factory overhead was $315,000 last year when the standard DLHs for the actual output were 30,000 hours. The standard variable factory overhead rate was $8 per DLH. To determine the pre-determined overhead rates, Hoover used 32,000 DLHs as the denominator. The total budgeted fixed factory overhead for the year must have been: A. $75,000 B. $80,000 c. $90,000 D. $100,000 E. None of the above