Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000 During February, the actual direct labor cost totaled $160,000, and factory overhead cost incurred totaled $283,900 a What is the predetermined factory overhead rate based on direct labor cost Enter your answer as a whole percent not in decimals 175 (correct) Feedback Identify the activity base for this company Remember to enter the number as a whole percent not in decimals b Journalize the entry to apply factory overhead to production for February If an amount box does not require an entry, leave it blank Accounts PayableCashFactory Overhead Blending DepartmentWages PayableWork in Process Blending DepartmentWork in Process Blending Department Work in Process Blending Department(correct) debit 283,900 (Mark me incorrect) Accounts PayableCashFactory Overhead Blending DepartmentFinished GoodsWork in Process Blending DepartmentFactory Overhead Blending Department Factory Overhead Blending Department (correct) credit 283,900 (mark me incorrect) Feedback Recall how the predetermined overhead is applied to departments How does the applied overhead affect work in process c What is the February 28 balance of the account Factory OverheadBlending Department Amount $fill in the blank 0e670bf8cffb056 1 Debit or Credit CreditDebit d Does the balance in part (c) represent overapplied or underapplied factory overhead a Overapplied factory overhead b Underapplied factory overhead feedback c and d Compare the actual cost to the applied amount (if you can add a little explanation that would help me a lot) Thank you so much

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Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory

Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance

The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $3,150,000, and total direct labor costs would be $1,800,000. During February, the actual direct labor cost totaled $160,000, and factory overhead cost incurred totaled $283,900.

a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. 175 % (correct)

Feedback

Identify the activity base for this company. Remember to enter the number as a whole percent not in decimals.

b. Journalize the entry to apply factory overhead to production for February. If an amount box does not require an entry, leave it blank.

	Accounts PayableCashFactory Overhead-Blending DepartmentWages PayableWork in Process-Blending DepartmentWork in Process-Blending Department	Work in Process-Blending Department(correct)	debit: 283,900 (Mark me incorrect)
	Accounts PayableCashFactory Overhead-Blending DepartmentFinished GoodsWork in Process-Blending DepartmentFactory Overhead-Blending Department	Factory Overhead-Blending Department (correct)	credit: 283,900 (mark me incorrect)