The Hamilton Company planned to produce 150,000 units during the current year. At that production volume, the company estimated that its overhead costs would amount to $637,500. Required:

1) Calculate the predetermined overhead rate per unit based on expected production.

2) Assume that actual output totaled only 145,000 units but the actual overhead cost incurred was $637,500 as expected. How much overhead cost was allocated to work in process? By how much was overhead overapplied or underapplied during the period? (Be sure to indicate whether over- or under-applied.) 3) Assume that actual output totaled 150,000 units as expected but actual overhead costs amounted to $600,000. How much overhead cost was allocated to work in process? By how much was overhead overapplied or underapplied during the period? (Be sure to indicate whether over- or under-applied.)