Raget Factory bm budgetes factory overhead for the year at 36,923,700. It pians to produce 2,000,000 units of product Budgeted direct lobor hours are 471,000, and budgeted machine hours are 750,000 . Using a single piantwide factory overhent rate based on direct labor hours, the factory overhead rate (rounded to the nearest cent) for the year is 51479 c 5735 a. 5 tose