Question
11.) On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred: Factory Manager Salary$7,000 Factory Utilities2,000 Machinery Deprecation11,000 Machinery Repairs2,500 Factory Insurance
11.) On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred:
Factory Manager Salary$7,000
Factory Utilities2,000
Machinery Deprecation11,000
Machinery Repairs2,500
Factory Insurance (prepaid)1,000
The overhead application rate is based on direct labor hours.The preset formula for overhead application estimated that $21,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,100 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entry to record the factory overhead costs. (round any final dollar answers to the nearest whole dollar):
12) On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred:
Factory Manager Salary$6,000
Factory Utilities2,500
Machinery Deprecation10,000
Machinery Repairs2,000
Factory Insurance (prepaid)1,000
The overhead application rate is based on direct labor hours.The preset formula for overhead application estimated that $21,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,100 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entries for the: (round any final dollar answers to the nearest whole dollar):
1. allocation of factory overhead to Job Order A-2
2. allocation of factory overhead to Job Order A-3
13.) On March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred:
Factory Manager Salary$6,000
Factory Utilities2,500
Machinery Deprecation10,000
Machinery Repairs2,000
Factory Insurance (prepaid)1,000
The overhead application rate is based on direct labor hours.The preset formula for overhead application estimated that $21,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,100 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entry for the adjusting entry to dispose of any over or under application of factory overhead. (round any final dollar answers to the nearest whole dollar):
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