A corporation uses a job costing accounting system for its production costs. A predetermined overhead rate based on direct labour hours is used to apply overhead to individual jobs. An estimate of overhead costs at different volumes was prepared for the current year as follows 50,000 $350,000 216,000 60,000 Direct hours Variable overhe costs Fixed overhea costs Total overhead 490,000 216,000 $706,000 240,000 216,000 The expected volume is 60,000 direct labour hours for the entire year. The following information is for November, when Jobs 50 and 51 were completed