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In December 2014, Custom Mfg. established its predetermined overhead rate for jobs produced during year 2015 by using the following cost predictions: overhead costs, $750,000, and direct labor costs, $625,000. At year-end 2015, the companys records show that actual overhead costs for the year are $830,000. Actual direct labor cost had been assigned to jobs as follows.

Jobs completed and sold $ 513,750 Jobs in finished goods inventory 102,750 Jobs in work in process inventory 68,500 Total actual direct labor cost $ 685,000