Question: Gomez, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead Machine hours $250,000 89,000 Direct

Gomez, Inc., costs products using a normal costing system. The following data

Gomez, Inc., costs products using a normal costing system. The following data are available for last year: Budgeted: Overhead Machine hours $250,000 89,000 Direct labor hours 10,000 Actual: Overhead Machine hours Direct labor hours Prime cost Number of units $249,500 87,100 9,670 $878,250 140,000 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

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