The total cost on job cost sheets for all jobs in process equals the amount in the ________ Inventory account.

A _________________ is calculated by dividing total estimated factory overhead by an activity base such as total estimated direct labor cost.

____________, or customized production, produces products in response to customer orders.

A company's job order costing system applies overhead based on direct labor cost. The company's estimated production costs were: direct labor, $57,600; direct materials, $76,800; and factory overhead, $9,600. The company's predetermined overhead rate is ________________.