Use the following to answer questions 1-2: Parker Company has a job-order costing system and uses 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 S50,000 and 20,000 hours, respectively. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at S5 per hour. At the end of the year it was determined that the company worked 24,000 direct labor-hours for the year and incurred S54,000 in actual manufacturing overhead costs. 1 lf lob #461 contained 100 units, the unit cost on the completed job cost sheet would be: A) S61.75 B) S62.50 C) S63.10 D) S55.00 Solution: Estimated total direct labor-hours (DLHS) DLHs Predetermined overhead rate DLH