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 Golf Racquets clube 5,500 8,750 $5.00 $ 3.90 Annual production and sales (units) Direct materials cost per unit Direct labour cost per units Forming Department Finishing Department Machine-hours per units Forming Department Finishing Department $2.00 $1.50 $8.50 $9.00 0.25 0.25 0.00 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 por MH por DLS