A$1$

$f_x$

Accessibility tab summary: Financial information for Stanford Enterprises, is presented in rows $5$ to

$(\frac{4}{1})$

B

B

c

D

E$.$

G

H

$1$

$1$

x

M

Stanford Enterprises uses job$-$order costing:

Overhead is applied on the basis of direct labor hours.

The following information relates to the year just ended.

Data:

$\backslash$table$[[$Estimated total overhead costs,$$275,000,],[$Estimated total direct labor hours,$25,000,],[$Actual total direct labor hours,$27,760,],[,,],[$Actual costs for the year:,,$],[$Purchase of raw $($direct$)$ materials,$$375,000,],[$Direct labor cost,$$536,300,],[$Manufacturing overhead,$$302,750,],[,,],[$Inventories:$,$$$15,000,$$$11,375$