Products move through two production departments: Forming and Finishing. The company uses departmental overhead rates to allocate overhead costs. Overhead is allocated based on machine-hours in Forming and direct labour cost in Finishing. Information related to costs for last year is provided below: Tennis Racquets 5,500 $ 5.00 Golf Clubs 8,750 3.90 $ Annual production and sales (units) Direct materials cost per unit Direct labour cost per unit: Forming Department Finishing Department Machine hours per unit: Forming Department Finishing Department $ 2.00 $ 8.50 $ $ 1.50 9.00 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $43.250 in the Forming Department and $51,500 in the Finishing Department. Required: 1. Determine the overhead application rate for each department. (Round your answers to 2 decimal places.) Forming Finishing per MH per DLS 2. Determine the total cost per unit of tennis racquets and golf clubs. (Round your intermediate calculations and final answers to 2 $ 5.00 $ 3.90 Direct materials cost per unit Direct labour cost per unit: Forming Department Finishing Department Machine hours per unit: Forming Department Finishing Department $ $ 2.00 8.50 $ $ 1.50 9.00 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $43,250 in the Forming Department and $51.500 in the Finishing Department Required: 1. Determine the overhead application rate for each department. (Round your answers to 2 decimal places. Forming Finishing per MH per DLS 2. Determine the total cost per unit of tennis racquets and golf clubs. (Round your intermediate calculations and final answers to 2 decimal places.) Tennis Racquets Golf Clubs Total cost per unit