Single plantwide factory overhead rate The total factory overhead for Cypress Marine Company is budgeted for the year at $900,000, Cypress Marine manufactures two types of boats; speedboats and bass boats. The speedboat and bass boat each require 10 direct labor hours for manufacture. Each product is budgeted for 400 units of production for the veat: a. Determine the total number of budgeted direct labor hours for the year. direct labor hours b. Determine the single siantwide factory ovethead rate, Round your answer to two decimal places. per dih c. Determine the factory overhead allocated per unit for each product using the single plantwide foctory overnead rate. Speedboats 1 per unit Bast boats 1 per unit