The following data for the month of November, relates to the McDermott Company, a small cricket bat manufacturer located in Ipswich, QLD. The company uses job costing to determine the cost of products.

Balances at 1st November of unfinished jobs are as follows:

Job No.	Materials	Labor
103	$14,000	$ 9,000
104	$ 8,000	$ 4,500
105	$22,000	$20,500
Overhead in process		$25,500
Other balances at 1st November:
Raw materials inventory		$36,000
Finished goods inventory		$0

Raw material purchased during November: $62,000

Direct labor cost incurred during November
Job 103	$6,800
Job 104	$7,400
Job 105	$9,500
Job 106	$5,000

Direct materials issued to production in November
Job 103	$30,000
Job 104	$24,000
Job 105	$10,000
Job 106	$22,000

Jobs 103, 104, and 105 were completed during November. Jobs 103 and 104 were sold for $85,000 and $75,000 respectively. Overhead is allocated to jobs using direct labor dollars as the cost driver. Actual manufacturing overhead costs of $21,000 were incurred during November.

1). What is the overhead rate per direct labor dollar?

2). What is the cost of Job 104 at November 1st?
3). What is the gross profit/loss on the sale of Job 103?
4). What is the cost of closing WIP at the end of November?
5). What is the cost of goods manufactured during November?
6).What is the closing balance in the Finished goods inventory account?
7). Was manufacturing overhead under or over applied during November?