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Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor...

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Accounting

Irene Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost. At the beginning of the year, the company estimated total manufacturing overhead costs at $ 1,040,000 and total direct labor costs at $ 830,000 . In June, Job 711 was completed. The details of Job 711 are shown below. Direct materials cost $21,500 Direct labor cost $11,000 Direct labor hours 500 hours Units of product produced 500 units How much was the cost per unit of finished product? (Round any percentages to two decimal places and your final answer to the nearest cent.)

A. $ 70.57

B. $ 65.00

C. $ 92.57

D. $ 82.56

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