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 Gold Racquets Clubs 6,800 10,700 $ 5.10 $ 4.20 Annual production and sales (units) Direct materials cost per unit Direct labour cost per unit Torming Department Pinishing Department Machine-hours per unit Forning Department Finishing Department 57.00 6.50 $ 6.00 57.00 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $62.750 in the Forming Department and $64,500 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