Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead $267,300 Machine hours 80,000 Direct labor hours 9,900 Actual: Overhead $266,800 Machine hours 78,400 Direct labor hours 9,550 Prime cost $1,102,150 Number of units 170,000 Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? per direct labor hour 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced? (Carry your answer to four significant digits.) per unit 3. Was overhead over- Overapplied overhead o Underapplied overhead