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		$248,400
Machine hours		81,000
Direct labor hours		9,200
Actual:
Overhead		$247,900
Machine hours		78,900
Direct labor hours		8,940
Prime cost		$1,198,620
Number of units		160,000

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