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		$294,400
Machine hours		87,000
Direct labor hours		9,200
Actual:
Overhead		$293,800
Machine hours		84,800
Direct labor hours		8,920
Prime cost		$694,560
Number of units		140,000

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? Underapplied overhead = $___

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