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: In addition, the firm budgets manufacturing overhead at \\( \\$ 40,250 \\) in the Forming Department and \\( \\$ 49,500 \\) in the Finishing Department. Required: 1. Determine the overhead application rate for each department. (Round your answers to \\( \\mathbf{2} \\) decimal places.) 2. Determine the total cost per unit of tennis racquets and golf clubs. (Round your intermediate calculations and final answers to 2 decimal places.)