Predetermined Overhead Rate, Applied Overhead, Unit Cost
Ripley, Inc., costs products using a normal costing system. The following data are available for last year:
|Direct labor hours||10,100|
|Direct labor hours||9,830|
|Number of units||180,000|
Overhead is applied on the basis of direct labor hours.
1. What was the predetermined overhead
$ per direct labor hour
2. What was the applied overhead for last
3. Was overhead over- or underapplied, and by
4. What was the total cost per unit produced?
(Carry your answer to four significant digits.)
$ per unit
The answer has been presented in the supporting shheet.
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