A local manufacturing company uses a job-order costing system. They use a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours, respectively. In June, Job #123 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $9 per hour. The company logged 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs. If Job #123 contained 100 units, what would be the unit product cost on the completed job cost sheet? What was the applied overhead amount for the year? Was overhead under or over applied? Please show all calculations