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		$243,000
Machine hours		86,000
Direct labor hours		9,000
Actual:
Overhead		$242,500
Machine hours		83,900
Direct labor hours		8,790
Prime cost		$1,202,670
Number of units		180,000

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?

(Overapplied overhead/Underapplied overhead) = $_____

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