Young Foundry uses a predetermined overhead allocation rate to allocate overhead to individual$$ jobs, based on the machine hours required.

At the beginning of $20242024,$ the company expected to incur the$$ following:

Manufacturing overhead costs

$$840,000$

Direct labor costs

$1,480,000$

Machine hours

$70,000$ hours

At the end of $2024,$ the company had actually$$ incurred:

Direct labor costs

$$1,230,000$

Depreciation on manufacturing plant and equipment

$620,000$

Property taxes on plant

$35,500$

Sales salaries

$26,000$

Delivery drivers' wages

$22,500$

Plant janitor's wages

$17,000$

Machine hours

$60,000$ hours