Steed Co. budgets production of 150,000 units in the next year. Steed’s CFO expects that each unit will take 8 hours to produce at an hourly wage rate of $10 per hour. If factory overhead is applied on the basis of direct labor hours at $6 per hour, the budget for factory overhead will total:

a. $7,200,000

b. $9,000,000

c.$12,000,000

d. $19,200,000.