Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of direct materials used in production (not on the basis of raw materials purchased). Its predetermined overhead rate was based on a cost formula that estimated $118,300 of manufacturing overhead for an estimated allocation base of $91,000 direct material dollars to be used in production. The company has provided the following data for the just completed year: Purchase of raw materials Direct labor cost Manufacturing overhead costs: Indirect labor $140,000 $ 87,000 $112,400 Property taxes $ 8,800 Depreciation of equipment $ 15,000 Maintenance $ 16,000 Insurance $ 10,200 Rent, building $ 31,000