Question
Cavy Company estimates that total factory overhead costs will be $624,059 for the year. Direct labor hours are estimated to be 98,900 a) Determine the
Cavy Company estimates that total factory overhead costs will be $624,059 for the year. Direct labor hours are estimated to be 98,900
a) Determine the predetermined factory overhead rate. Round your answer to the nearest cent.
Predetermined factory overhead rate |
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(b) Determine the amount of factory overhead applied to Job 456 if the amount of direct labor hours is 1,100 and Job 888 if the amount of direct labor hours is 2,800.
Job 456: | |
Job 888: |
(c) Prepare the journal entry to apply factory overhead for April 30 according to the predetermined overhead rate. Refer to the Chart of Accounts for exact wording of account titles.
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JOURNAL
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Solution
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | |
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