Exercises 1. Gee Company produces two types of stereo units: Deluxe and Regular. For the most recent year, Gee reports the following data: Budgeted manufacturing overhead Budgeted direct labour hours Actual direct labour hours Actual manufacturing overhead $180 000 50 000 51 000 200 000 Deluxe Units produced Prime costs Direct labour hours Regulai 50 000 $300 000 46 000 5 000 $40 000 5 000 Required: a) Calculate a predetermined overhead rate based on direct labour hours b) Calculate the applied manufacturing overhead. c) Calculate the unit product cost of each stereo unit