(3 ) Finished goods inventory , $92,000 bal . Problem 19 - 4B Overhead allocation and adjustment using a predetermined overhead rate P ] P 4 In December 2012 , Pavelka Company's manager estimated next year's total direct labor cost assuming 50 persons working an average of 2, 000 hours each at an average wage rate of $ 15 per hour . The manager also estimated the following manufacturing overhead costs for year 2013 . Indirect labor . .......... $ 159. 600 Factory supervision . ...... 120. 000 Rent on factory building .... 70. 000 Factory udlides ......... " 4 4. 000 Factory insurance expired . . ...... ! ! ! ! ! ! ! ! ! ! 34.000 Depreciation - Factory equipment ....... . 240,000 Repairs expense - Factory equipment . .... ..! ! 30, 000 Factory supplies used . ...........! ! ! ! ! ! ! ! ! ! 34. 400 Miscellaneous production costs ..... 18, 000 Total estimated overhead costs . ......... "! ! ! $750. 000