Irene Manufacturing uses a predetermined overhead allocation rate based on percentage of direct labor cost. At the beginning of 2014, Irene estimated total manufacturing overhead costs at $1,050,000 and total direct labor costs at $840,000. In June, 2014, Job 711 was completed. Job stats are as follows: 
How much was the cost per unit of finished product?
Definitions:
Stagflation
A situation in an economy where there is a combination of stagnant economic growth, high unemployment, and high inflation.
Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a specific time period.
Keynesian Policies
Economic strategies based on the ideas of John Maynard Keynes that advocate for government intervention to manage demand and stabilize the economy.
Stagflation
A situation in an economy where inflation is high, economic growth slows, and unemployment remains steadily high.
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