Predetermined Overhead Rate, Applied Overhead, Unit Cost Gomez, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead $352,000 Machine hours 80,000 Direct labor hours 11,000 Actual: Overhead Machine hours Direct labor hours Prime cost Number of units $351,200 77,500 10,690 $1,187,920 170,000 Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 32 per direct labor hour 2. What was the applied overhead for last year? 294,930 X 3. Was overhead over- or underapplied, and by how much? Underapplied overhead 9,070 X 4. What was the total cost per unit produced? (Carry your answer to four significant digits.) per unit Feedback