You received partial credit in the previous attempt. View Sportway Inc. produces high-quality tennis racquets and...

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You received partial credit in the previous attempt. View 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: 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 Tennis Golf Racquets Clubs 5,400 8,600 $ 4.90 $ 3.80 $ 7.00 $ 6.50 $ 8.00 $8.00 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $41,750 in the Forming Department and $50,500 in the Finishing Department. Required: 1. Determine the overhead application rate for each department. (Round your answers to 2 decimal places.) Forming Finishing $ 11.92 per MH $ 0.45 per DLS D < Prev 3 of 5 Next > You received partial credit in the previous attempt. View 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: 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 Tennis Golf Racquets Clubs 5,400 8,600 $ 4.90 $ 3.80 $ 7.00 $ 6.50 $ 8.00 $8.00 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $41,750 in the Forming Department and $50,500 in the Finishing Department. Required: 1. Determine the overhead application rate for each department. (Round your answers to 2 decimal places.) Forming Finishing $ 11.92 per MH $ 0.45 per DLS D < Prev 3 of 5 Next >