Maple Mount Fishery is a canning company in Astorio. The company uses a normal costing system in which factory overhead is applied on the basis of direct labor costs. Budgeted factory overhead for the year was $680.000, and management budgeted $320,000 of direct labor costs. During the year, the company incurred the following actual costs. Direct materials used $ 382,000 Direct labor 313,000 Factory overhead 650,700 The Januaryt balances of inventory accounts are shown below Materials-all direct $ 64,000 Work-in-process 41,400 Finished goods 25,600 The December 31 balance of these inventory accounts were ten percent tower than the balances at the beginning of the your The predetermined factory overhead inte