11 Calculate the over or underapplied factory overhead. predetermined overhead rate based on direct labor hours to apply overhead to individual jobs. Estimated direct labor hours were 122,000 and estimated factory overhead was $841,800. September 1, inventories: Materials Work-in-process (All Job X) Finished goods Materials purchases Direct materials requisitioned: Job X $9,800 38,200 81,200 $133,000 $55,300 40,800 Job Y Direct labor hours: Job X 5,800 Job Y 5,300 Labor costs incurred: Direct labor ($6.80 per hour) $75,480 Indirect labor 20,000 Factory supervisory salaries 8,000 Rental costs: Factory $9,300 Administrative offices 3,000 3 pts Total equipment depreciation costs: Factory Administrative offices Indirect materials used $9,800 2,700 $19,000