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 $371,000 Machine hours 90,000 Direct labor hours 10,600 Actual: Overhead $370,500 Machine hours 88,100 Direct labour hours 10,370 Prime cost $1,257,050 Number of units 180,000 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? – Select your answer -Overapplied overheadUnderapplied overheadItem 3 = $ 4. What was the total cost per unit produced (carry your answer to four significant digits)? $ per unit