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Ch Sportway Inc. produces high quality tennis racquets and golf clubs using a patented forming...

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Ch Sportway Inc. produces high quality tennis racquets and golf clubs using a patented forming process and high-quality hand-finishing. Products move through two production departments: Forming and Finishing. The company uses departmental overhead rates to allocate overhead costs. Overhead is allocated based on machine-hours in Forming and direct labour cost in Finishing Information related to costs for last year is provided below: Annual production and sales (units) Direct materials cost per unit Direct labour cost per uniti Forming Department Finishing Department Machine-hours per unit Forming Department Finishing Department Tennis Golf Racquets Clubs 6,300 9.950 $ 4.60 $ 3.70 $ 1.00 $50 $ 6.50 $ 7.00 0.25 0.00 0.25 0.50 In addition, the firm budgets manufacturing overhead at $55,250 in the Forming Department and $59,500 in the Finishing Department Required: 1. Determine the overhead application rate for each department. (Round your answers to 2 decimal places.) Forming Finishing per MH per DLS 2. Determine the total cost per unit of tennis racquets and golf clubs, (Round your intermediate calculations and final answers to 2 decimal places.)

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