a. construct ledger accounts , inserting beginning balances and entering transaction for march .

b.in itemized from , compute the total cost of each job at the end of march

c. determine the amount of over-or underapplied factory overhead remaing in the overhead contor account .

Exercise 2 [cont'd] (e) Other factory overhead incurred or accrued (for brevity, credit the entire amount Various Credits): ...... $ Insurance on factory.. Tax on real estate Depreciation-machinery Depreciation-factory building Light ......... Coal used Power Repairs and maintenance .. Indirect supplies Miscellaneous .. 830.00 845.00 780.00 840.00 560.00 1,810.00 3,390.00 2,240.00 1.910.00 15,256.87 (1) Factory overhead is applied at the rate of $2.30 per direct labor hour. An applied factory overhead account is used and is then closed to the overhead control account. (8) Job 204 was shipped and billed at a contract price of $117,500. Required: (1) Construct ledger accounts, inserting beginning balances and entering transactions for March. (Factory overhead is to be posted to the control account only.) (2) In itemized form, compute the total cost of each job at the end of March (3) Determine the amount of over- or underapplied factory overhead remaining in the overhead control account. Exercise 2 [cont'd] (e) Other factory overhead incurred or accrued (for brevity, credit the entire amount Various Credits): ...... $ Insurance on factory.. Tax on real estate Depreciation-machinery Depreciation-factory building Light ......... Coal used Power Repairs and maintenance .. Indirect supplies Miscellaneous .. 830.00 845.00 780.00 840.00 560.00 1,810.00 3,390.00 2,240.00 1.910.00 15,256.87 (1) Factory overhead is applied at the rate of $2.30 per direct labor hour. An applied factory overhead account is used and is then closed to the overhead control account. (8) Job 204 was shipped and billed at a contract price of $117,500. Required: (1) Construct ledger accounts, inserting beginning balances and entering transactions for March. (Factory overhead is to be posted to the control account only.) (2) In itemized form, compute the total cost of each job at the end of March (3) Determine the amount of over- or underapplied factory overhead remaining in the overhead control account