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Jason's Custom Tooling ( JCT ) uses a job order cost system and applies overhead using a predetermined overhead rate based on direct labor costs.

Jason's Custom Tooling (JCT) uses a job order cost system and applies overhead using a predetermined overhead rate based on direct labor costs. The following debits (credits) appeared in Work-in-Process Inventory for November:
\table[[,Description,Amount],[November 1,Balance,$43,000
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