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		$309,000
Machine hours		80,000
Direct labor hours		10,300
Actual:
Overhead		$308,400
Machine hours		77,800
Direct labor hours		9,960
Prime cost		$901,200
Number of units		120,000

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? over/under = $ ______

4. What was the total cost per unit produced? (Carry your answer to four significant digits.) $ _______