Question: Ymax Inc. uses a job-order costing system with machine hours as the allocation base for overhead. The company uses normal costing to develop their overhead allocation rate. The following information is available at the beginning of the year: Estimate Estimated factory overhead costs $1,540,000 Estimated machine hours 110,000 On January 31 the following information was available: Job # Job # Description 2440 2441 Direct materials $9,600 $4,300 Direct labour $6,800 $3,100 Machine hours 130 60 Required: Use the job order costing system to answer the following questions.