Habari Jema Corp provided the following data for Department 203 for 2021. Work in process as of 1/1/2021: Job No. 2176 Material $ 17,000 Labor $22,000 Actual costs incurred by Department 203 during 2021: By Job: Job No. 2176 2177 2178 2179 TOTAL Overhead $33,000 Total $ 72,000 Material $ 1,200 Labor $ 7,200 Overhead Total $ 8,400 26,000 54,000 80,000 12,000 4,000 $ 43,200 $ 71,200 8,000 2,000 20,000 6,000 Not incurred by job: Indirect Materials Indirect Labor Employee Benefits Depreciation Supervision TOTAL $ 15,000 53,000 23,000 12,000 20,000 $123,000 Department 203 Overhead Budget for 2021: Indirect Materials Indirect Labor Employee Benefits Supervision Depreciation TOTAL $ 16,000 56,000 28,000 20,000 12,000 $132,000 Budgeted Direct Labor Dollars $ 80,000 Balances at 12/31/2021, before disposition of over/under applied overhead: Finished Goods Inventory Cost of Goods Sold $106,000 $852,000 Overhead is applied based on direct labor dollars. REQUIRED: 1. What is the predetermined overhead rate for 2021 for Department 203? 2. Apply overhead to each of the jobs worked on in 2021. 3. Jobs 2176 and 2177 were completed during 2021. The jobs yielded 1,000 and 10,000 units of product, respectively. What was the total cost and unit cost for each of these products? 4. Was overhead over- or under applied for 2021 in Department 203? By how much? A B 1 Q1: Predetermined Overhead Rate 2 Pretermined overhead rate = 3 4 Q2: Applied Overhead 5 6 Applied Overhead 7 D E Job 2176 Job 2177 Job 2178 Job 2179 8 Q3: Total Product Cost and Unit Cost 9 10 Direct Materials Job 2176 Job 2177 11 Direct Labor 12 Applied Overhead 13 Total Cost 14 Cost per unit 15 16 Q4: Over-applied or under-applied overhead 17 For 2021, overhead was 18 19 by