2 4.00 points Kansas Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared an estimate of overhead costs at different volumes for the current year as follows: Direct labor-hours Variable overhead costs Fixed overhead costs 180,000 210,000 $1,050,000 $1,260,000 S1,470,000 702,000 $1,752,000 1,962,000 $2,172,000 150,000 702,000 702,000 Total overhead The expected volume is 180,000 direct labor-hours for the entire year. The following information is for March, when Jobs 6023 and 6024 were completed Inventories, March 1 Materials and supplies Work-in-process (Job 6023) Finished goods S 32,500 S 162,000 $ 330,500 Purchases of materials and supplies Materials Supplies $ 413,000 S 44,000