Use the information provided below to answer the following questions: 1.1 Calculate the predetermined overhead rate according to each of the following bases: 1.1.1 Product unit basis (2 marks) 1.1.2 Labour hour basis (3 marks) 1.1.3 Primary cost basis (3 marks) 1.2 Calculate the manufacturing cost per unit using the following bases: 1.2.1 Product unit basis (3 marks) 1.2.2 Labour hour basis (3 marks) 1.3 Explain the procedure that is used to determine the over-applied or under-applied overheads. (6 marks) INFORMATION The following is the budget of a manufacturing entity that produces only one type of product: Total Per unit Budgeted direct materials cost R? R37.50 Budgeted labour cost R? R50.00 Budgeted manufacturing overheads: R90 000 ? Fixed R60 000 ? Variable R30 000 ? Budgeted direct labour hours ? hours 10 hours Budgeted machine hours ? hours 7.5 hours Budgeted production 7 500 units -