redetermined Overhead Rate, Applied Overhead, Unit Cost

Gomez, Inc., costs products using a normal costing system. The following data are available for last year:

Budgeted: Overhead $328,600 Machine hours 80,000 Direct labor hours 10,600Actual: Overhead $328,300 Machine hours 78,100 Direct labor hours 10,380 Prime cost $1,478,220 Number of units 180,000

Overhead is applied on the basis of direct labor hours.

Required:

1. What was the predetermined overhead rate? $fill in the blank 1 per direct labor hour

2. What was the applied overhead for last year? $fill in the blank 2

3. Was overhead over- or underapplied, and by how much?

Overapplied overheadUnderapplied overhead

= $fill in the blank 4

4. What was the total cost per unit produced? (Carry your answer to four significant digits.) $fill in the blank 5 per unit

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