Samson Company Case Sampson Company uses a job order cost system with overhead applied to products based on direct labor hours. Based on previous history, the company estimated its total overhead for the coming year $(2014)$ to be $$720,000$ and its total direct labor hours to be $24,000.$ On January $1,2014,$ the general ledger of Sampson Company revealed that it had one job in process $($Job $102)$ for which it had incurred a total cost of $$15,000.$ Job $101$ had been finished the previous month for a total cost of $$30,000$ but was not yet sold. The company had a contract for Job $103$ but had not started working on it yet. Other balances in Raw Materials Inventory and other assets, liabilities, and stockholders$$ equity accounts are summarized on the next page.