Perry Ltd. uses a normal job costing system and applies overhead on the basis of direct labour-hours. At the beginning of the year, the company estimated that total overhead costs for the year would be $198.000. and it budgeted total labour-hours of 18,000. Actual labour-hours worked for the period January 1 to November 30 were 14,750 On December 1, the company had three jobs in process (Click the icon to view the work-in-process data) During the month of December, the following costs were incured by job (Click the icon to view the costs organized by job.) In addition, the company incurred the following costs during the month of December (these costs have not yet been recorded in the books) (Click the icon to view other costs incurred) Required (Click the icon to view additional information.) Requirement 1. Calculate the budgeted overhead rate used by Perry, The budgeted overhead rate was 5 $per direct labour hour Requirement 2. Calculate the unit cost of ending work-in-process inventory assuming that the number of units in the job(s) total 250 units. (Round your answer to the nearest cent)