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Sportway Inc. produces high quality tennis racquets and golf clubs using a patented forming process and high quality hand-finishing Products move through two production departments:

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Sportway Inc. produces high quality tennis racquets and golf clubs using a patented forming process and high quality hand-finishing 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 Golt Racquet Club 5,200 8,300 $4.70 $ 3.60 Annual production and sales (units) Direct materials cost per unit Direct labour cost per unit Yorming Department Pinishing Department Machine-hours per unit: Forming Department Finishing Department $5.00 $ 4.50 $ 7.00 $6.00 0.25 0.00 0.25 0:50 In addition, the firm budgets manufacturing overhead at $38,750 in the Forming Department and $48,500 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

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