Irene Manufacturing Uses a Predetermined Overhead Allocation Rate Based on a Percentage

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 $1,000,000 and total direct labor costs at $830,000.In June,Job 711 was completed.The details of Job 711 are shown below. $$\begin{array} { | l | r | } \hline \text { Direct materials cost } & \$ 27,000 \\\hline \text { Direct labor cost } & \$ 13,000 \\\hline \text { Direct labor hours } & 400 \text { hours } \\\hline \text { Units of product produced } & 500 \text { units } \\\hline\end{array}$$ 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) $80.00
B) $101.58
C) $85.20
D) $111.20