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Custom Job Inc (CJI) started using a job-order costing system using on a predetermined overhead rate based on machine hours. At the beginning of the

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Custom Job Inc (CJI) started using a job-order costing system using on a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $240,000 and machine hours would be 8,000. The following information pertains to March of the current year: Job A Job B Job C Total Work-inProcess Inventory, Mar 1 $16,000 26,000 38,000 80,000 Durin the month Materials Used $4,000 4,800 7,200 16,000 Direct Labor $2,400 3,600 4,000 10,000 Machine Hours Mhr 400 700 900 2,000 Labor Hours Lhr 120 180 200 500 Actual manufacturing overhead cost incurred in November was $61,000. At the end of the month Jobs A & C were completed. Assume Job A has already been delivered to customers

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