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$

$217726,00054,00080,000$

$217812,0008,00020,000$

$21794,0002,0006,000$

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.

$$

REQUIRED:

What is the predetermined overhead rate for $2021$ for Department $203?$

Apply overhead to each of the jobs worked on in $2021.$

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?

Was overhead over$-$ or under applied for $2021$ in Department $203?$ By how much?