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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:

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 $285,600
Machine hours 84,000
Direct labor hours 10,200
Actual:
Overhead $285,000
Machine hours 82,200
Direct labor hours 9,930
Prime cost $1,050,000
Number of units 150,000

Overhead is applied on the basis of direct labor hours.

Required:

1. What was the predetermined overhead rate? $fill in the blank 1 per direct labor hour

2. What was the applied overhead for last year? $fill in the blank 2

3. Was overhead over- or underapplied, and by how much? = $fill in the blank 4

4. What was the total cost per unit produced (carry your answer to four significant digits)? $fill in the blank 5 per unit

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