The following information is available at the end of the period for the completed job.

Beginning balance 18,000

Direct materials 30,600

Direct labor 24,500

Manufacturing overhead applied 41,700

Adjustment for overapplied overhead 1,600

Total numbers of units produced 25,000

Total number of units sold 28,500

What is the unit cost for this job?

Using the information above prepare the journal entry to record the adjustment for overapplied overhead.

Using the information above calculate the overhead rate you will use on your next job. The overhead rate is based on direct labor