Syracuse Corporation makes two products (P1 and P2) that require direct materials, direct labor, and overhead. The following data refer to operations expected for next month. Revenue Direct material Direct labor Overhead: Direct material related Direct labor related P1 P2 Total $200,000 $400,000 $600,000 40,000 60,000 100,000 50,000 95,000 145,000 15,000 43,500 Syracuse Corporation uses a two-stage cost allocation system. It uses direct-material costs to allocate direct-materials related overhead and direct-labor costs to allocate direct-labor related overhead costs. Compute the direct material related overhead rate for next month. Select one O a. 0.20 O b. 0.12 O c. 0.10 Od 0.15