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

Chart of Accounts Starting Cuestion Journal Final Guestions

Instructions $$13,000$ and factory overhead cost incurred totaled $$17,350.$

Requlred:

a$.$ What is the predetermined factory overhead rate based on direct labor cost?

b$.$ On May $31,$ journalize the entry to apply factory overhead to production. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals

wit automatically indent a credit entry when a credit amount is entered.

c$.$ What is the May $31$ balance of the account Factory Overhead$-$Blending Department?

d$.$ Does the balance in part $c$ represent over$-$or underapplied factory overhead?