Chapter 4 Question 2

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Predetermined Overhead Rate, Applied Overhead, Unit Cost Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? \$ per direct labor hour 2. What was the applied overhead for last year? $ 3. Was overhead over- or underapplied, and by how much? =$ 4. What was the total cost per unit produced? (Carry your answer to four significant digits.) $ per unit