overhead rate based on direct labour hours is used to apply overhead to individual jobs. An estimate f overhead costs at different volumes was prepared for the current year as follows: Corporation uses a job costing accounting system for its production costs. A predetermined Direct labour hours Variable overhead costs Fixed overhead costs Total overhead 50,000 60.000Z0,000 $350,000 $240,000 $490,000 216,000 $566,000$636,000 $706,000 216,000 216,000 The expected volume is 60,000 direct labor hours for the entire year. The following information is for November, when Jobs 50 and 51 were completed. Beginning inventories as at November 1: Raw materials and supplies Work in process (Job 50) Finished goods $ 10,500 54,000 112,500 Purchases: Raw materials Supplies 135,000 15,000 Materials and supplies requisitioned for production: Job 50 Job 51 Job 52 Supplies 45,000 37,500 25,500 6,000 $114,000 Factory direct labour hours (DLH): Job 50 Job 51 Job 52 3,500 DLH 3,000 DLH 2,000 DLH Labour costs: Direct labour wages (8,500 hours @$8) Indirect labour wages (4,000 hours) Supervisory salaries 68,000 17,000 36,000 Building occupancy costs: Factory maintenance Factory depreciation Factory power & lighting Factory repairs Administration office 6,500 2,500 4,000 1,500 2,500 8,000