ABC Company produces two products, X and Y. Overhead is allocated on the basis of direct labor hours. How much overhead is allocated to X?XYCostFactory maintenance employees8 employees30 employees$ 96,000Rent on the factory building1,000 square feet2,000 square feet180,000Utility800 hours400 hours44,000Direct labor hours2 hours per unit3.3 hours per unitVolume700 units2,000 unitsA)$56,000 B)$264,000 C)$180,000 D)$78,000 E)Cannot be determined from the information given.