Single plantwide factory overhead rate The total factory overhead for Cypress Marine Company is budgeted for the year at $875,000. Cypress Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require five direct labor hours for manufacture. Each product is budgeted for 5,000 units of production for the year. When required, round all per unit answers to the nearest cent. a. Determine the total number of budgeted direct labor hours for the year. 25,000 X direct labor hours b. Determine the single plantwide factory overhead rate. 35 X per dih c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate. Speedboats $ Bass boats $ 5,000 X per unit 5,000 X per unit Feedback Check My Work Calculate: (a) Budgeted units x direct labor hours per unit for each product and then add together for total number of budgeted direct labor hours for the year. (b) Total factory overhead +[hours from Req. (a)) overhead rate per direct labor hour (c) Answer from Req. (b) x direct labor hours per unit overhead rate per unit.