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. \($19,200,000\).