Petunia Ltd$.$ uses a normal job$-$costing system and applies overhead on the basis of direct labour$-$hours. At the beginning of the year, the company estimated that total overhead costs for Work$-$in$-$Process data Costs organized by job Other costs incurredAdditional information

The balance in the Overhead Control account on December $1$ was

$$198,080.$

There were no jobs in Finished Goods as of December $1.$

Jobs $815,822,823,$ and $824$ were completed during December.

Job $824$ is the only job in Finished Goods as of December $31.$

$5.$ The company's pricing policy is $200\%$ of total manufacturing cost.

the year would be $$150,000,$ and it budgeted total labour$-$hours of $10,000.$ Actual labour$-$hours worked for the period January $1$ to November $30$ were $13,500.$

On December $1,$ the company had three jobs in process:

View the work$-$in$-$process data.

During the month of December, the following costs were incurred by job:

View the costs organized by job.

In addition, the company incurred the following costs during the month of December $($these costs have not yet been recorded in the books$)$:

View the other costs incurred. View the additional information.

Read the requirements.

Requirement $1.$ Calculate the budgeted overhead rate used by Petunia.

What was the budgeted overhead rate per direct labour hour?

Requirement $2.$ Calculate the unit cost of ending work$-$in$-$process inventory assuming that the number of units in the job$($s$)$ total $250$ units. $($Round your answer to the nearest cent.$)$

What is the unit cost of ending work$-$in$-$process inventory assuming there are $250$ units?

Requirement $3.$ Calculate the cost of goods manufactured and the unadjusted gross margin for the month of December.

What is the cost of goods manufactured?

What is the unadjusted gross margin?

Requirement $4.$ Calculate the amount of over$-$ or underallocated overhead for the year.

Is the amount of overhead overallocated or underallocated?

By how much was the amount of overhead overallocated or underallocated?