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 Racquets 6, 100 $ 5.60 Golf Clubs 9,650 $ 3.50 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 7.00 8.50 $ s 6.50 7.00 $ 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $52,250 in the Forming Department and $57,500 in the Finishing Department Required: 1. Determine the overhead application rate for each department. (Round your answers to 2 decimal places.) per MH Forming Finishing 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