Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A. For Almerinda Company, determine the predefermined fiactor covertead rate using direct labor hours as ine activity base. per diect tabor hour B. During Aprit,
A. For Almerinda Company, determine the predefermined fiactor covertead rate using direct labor hours as ine activity base. per diect tabor hour B. During Aprit, Aumerinda Company accumulated 20,000 hours of direct labor casts on Job 50 and 24,000 hours on Job 51 . Dotermine the amount of factory overhead applind to Jobs 50 and 51 in Aphil. C. Prepare the journal entry on Apr 30 to apply factory overhead to both jobs in Apnl according to the predetermined overhead rate. Refer to the Chart of Accounts for exact wording of account tites. Amerinda Company estimales that total factory overhead costs will be $1,750,000 for the year. Direct labor hours aie estimated to be 500,000 Required: B Dunng Aprt, Amermola Company accumulated 20,000 hours of divect labor costs on Job 50 and 24.000 hours an Job 51 Dotermine the amount of foctory overhead applied to jobs 50 and 5t in Aphil C. Prepare the joumal entry on Apr 30 fo apply factory overhead to both jobs in Apni according to the predelumined overhead rafe Refer fo the Chart or Accounts for exact wording of account beles
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started