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?Habari Jema Corp provided the following data for Department 203 for 2021. Work in process as of 1/1/2021: Job No. Material Labor Overhead Total 2176 $ 17,000 $ 22,000 $ 33,000 $ 72,000 Actual costs incurred by Department 203 during 2021: By Job: Job No. Material Labor Overhead Total 2176 $ 1,200 $ 7,200 $ 8,400 2177 26,000 54,000 80,000 2178 12,000 8,000 20,000 2179 4,000 2,000 6,000 TOTAL $ 43,200 $ 71,200 Not incurred by job: Indirect Materials $ 15,000 Indirect Labor 53,000 Employee Benefits 23,000 Depreciation 12,000 Supervision 20,000 TOTAL $123,000 Department 203 Overhead Budget for 2021: Indirect Materials $ 16,000 Indirect Labor 56,000 Employee Benefits 28,000 Supervision 20,000 Depreciation 12,000 TOTAL $132,000 Budgeted Direct Labor Dollars $ 80,000 Balances at 12/31/2021, before disposition of over/under applied overhead: Finished Goods Inventory $106,000 Cost of Goods Sold $852,000 Overhead is applied based on direct labor dollars