4) A _________________ is calculated by dividing total estimated factory overhead by an activity base such as total estimated direct labor cost.

5) When the actual overhead incurred during an accounting period is more than the overhead applied to jobs, the overhead is said to be ________________.

6) Overapplied overhead should be __________ to the Cost of Goods Sold account when closed.

7) When indirect labor is recorded, _______________ is debited.

8) The total cost on job cost sheets for all jobs in process equals the amount in the ________ Inventory account.

9) ____________, or customized production, produces products in response to customer orders.

10) A company's job order costing system applies overhead based on direct labor cost. The company's estimated production costs were: direct labor, $57,600; direct materials, $76,800; and factory overhead, $9,600. The company's predetermined overhead rate is ________________.