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Applying Factory Overhead Gross Company estimates that total factory overhead costs will be $2,200,000 for the year. Direct labor hours are estimated to be 400,000.
Applying Factory Overhead Gross Company estimates that total factory overhead costs will be $2,200,000 for the year. Direct labor hours are estimated to be 400,000. For Gross Company, determine the determined factory overhead rate using direct labor hours as the activity base. Round your answer to two decimal places. $ per direct labor hour During February, Gross Company accumulated 15,000 hours of direct labor costs on Job 60 and 18,000 hours on Job 61. Determine the amount of factory overhead applied to Jobs 60 and 61 in February. $ . Prepare the journal entry to apply factory overhead to both jobs in February according to the prdetermined overhead rate
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