Parker Corporation uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year manufacturing overhead and direct labor-hours were estimated at $73,440 and 27,200 hours, respectively, for the year. In June, Job #461 was completed. Materials costs on the job totaled $4,200 and labor costs totaled $1,664 at $5.20 per hour. At the end of the year, it was determined that the company worked 35,900 direct labor-hours for the year and incurred $89,430 in actual manufacturing overhead costs. Required: a. Job #461 contained 100 units. Determine the unit product cost that would appear on the job cost sheet.

b. Determine the underapplied or overapplied overhead for the year.

Noreen 4e Recheck 2017-16-03