Fox Hunting Gear manufactures two products: camouflage jackets and camouflage hats. The company makes 50,000 jackets and 20,000 hats each year. Information for overhead costs and for the two products appears below.
If the company uses a single cost pool and assigns overhead using machine hours, how much overhead will be assigned to each hat?
A) $24.00 per hat
B) $100 per hat
C) $30.00 per hat
D) $300.00 per hat