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Roget Factory has budgeted factory overhead for the year at $3,801,000. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 362,000,

Roget Factory has budgeted factory overhead for the year at $3,801,000. It plans to produce 2,000,000 units of product. Budgeted direct labor hours are 362,000, and budgeted machine hours are 750,000. Using a single plantwide factory overhead rate based on direct labor hours, the factory overhead rate for the year is

a.$13.65

b.$10.50

c.$5.25

d.$50.40

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