Example Exercise 19-3 Factory Overhead Costs Obj. 2 During March, Hatch Company incurred factory overhead costs as follows: indirect materials, $800; indirect labor, $3,400; utilities cost, $1,600; and factory depreciation, $2,500. Journalize the entry to record the factory overhead incurred during March Follow My Example 19-3 8,300 Factory Overhead Materials....... Wages Payable... Utilities Payable... Accumulated Depreciation-Factory 800 3,400 1,600 2,500 Example Exercise 19-4 Applying Factory Overhead Obj.2 Hatch Company estimates that total factory overhead costs will be $100,000 for the year. Direct labor hours are estimated to be 25,000. For Hatch Company, (a) determine the predetermined factory overhead rate using direct labor hours as the activity base, (b) determine the amount of factory overhead applied to Jobs 101 and 102 in March using the data on direct labor hours from Example Exercise 19-2, and (c) prepare the journal entry to apply factory overhead to both jobs in March according to the predetermined overhead rate. Follow My Example 19-4 a. $4.00 per direct labor hour = $100,000 + 25,000 direct labor hours b. Job 101 $3,200 = 800 hours x $4.00 per hour Job 102 2,400 = 600 hours x $4.00 per hour Total $5,600 c. Work in Process 5,600 Factory Overhead 5,600 E 19-3 p.932 OBJ. 2 PE 19-3B Factory overhead costs During August, Rothchild Company incurred factory overhead costs as follows: indirect materials, $17,500; indirect labor, $22,000; utilities cost, $9,600; and factory depreciation, $17,500. Journalize the entry to record the factory overhead incurred during August. -4 p. 935 PE 19-4B Applying factory overhead OBJ. 2 Rothchild Company estimates that total factory overhead costs will be $810,000 for the year. Direct labor hours are estimated to be 90,000. For Rothchild Company, (a) determine the predetermined factory overhead rate using direct labor hours as the activity base, (b) determine the amount of factory overhead applied to Jobs 40 and 42 in August using the data on direct labor hours from Practice Exercise 19-2B; and (c) prepare the journal entry to apply factory overhead to both jobs in August according to the predetermined overhead rate