Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can someone help me with this Overticad costs, anetlabor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for
can someone help me with this
Overticad costs, anetlabor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning August 1 $576,000 Estimated direct labor hours for year 9,600 Estimated machine hours for year Actual factory overhead costs for August $49,540 Actual direct labor hours for August 860 Actual machine hours for August 1,750 a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. $ per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry, leave it blank. Factory 1 Factory 2 d. Determine the balances of the factory overhead accounts for each factory as of August 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $ Factory 2 $404,100 22,450 $32,290Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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