If the company allocates all of its overhead based on direct labor-hours using its traditional costing method, the overhead assigned to each unit of Product G1 would be closest to:

A) $412.02 per unit
B) $780.12 per unit
C) $720.63 per unit
D) $691.83 per unit

Overhead

Overhead refers to the ongoing business expenses not directly attributed to creating a product or service, including costs like rent, utilities, and insurance.

Direct Labor-Hours

The total hours worked by labor directly involved in the manufacturing process, crucial for calculating labor costs and efficiencies.

Product G1

This term is likely specific to a company or industry and denotes a particular product or model designated as "G1".