Question
Cavy Company estimates that total factory overhead costs will be $553,724 for the year. The company has decided that the basis for applying factory overhead
Cavy Company estimates that total factory overhead costs will be $553,724 for the year. The company has decided that the basis for applying factory overhead should be direct labor hours, which are estimated to be 95,800 hours.
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a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent. fill in the blank 1 of 1$ per direct labor hour
b. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,400 and to Job 777 if the amount of direct labor hours is 2,900. Job 345 fill in the blank 1 of 1$ Job 777 fill in the blank 1 of 1$
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c. Journalize the entry for the factory overhead applied if Jobs 345 and 777 are the only jobs for the period. If an amount box does not require an entry, leave it blank.
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