Nicholas Company produces two products: Product A and Product B. The company is budgeted
to produce 4,000 units of each product during the year. The total factory overhead for the year
is budgeted at $100,000. Each unit requires 0.5 direct labor hour to produce.
1. Determine (a) the total number of budgeted direct labor hours budgeted for the year,
(b) the single plant-wide factory overhead rato and (c) the factory overhead rate per unit for each product using the single plant wide factory overhead rate.