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

The chief cost accountant for Voltaire Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $605,000, and total direct labor costs would be $484,000. During May, the actual direct labor cost totaled $42,000, and factory overhead cost incurred totaled $54,600.

Question Content Area

a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. fill in the blank b9bc0affd02cf8c_1%

Question Content Area

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

blank	Accounts PayableCashFactory Overhead-Blending DepartmentWages PayableWork in Process-Blending Department	- Select -	- Select -
	Accounts PayableCashFactory Overhead-Blending DepartmentFinished GoodsWork in Process-Blending Department	- Select -	- Select -

Question Content Area

c. What is the May 31 balance of the account Factory OverheadBlending Department?

Amount:	$fill in the blank 76af13fa9063fac_1
Debit or Credit?	CreditDebit

d. Does the balance in part (c) represent overapplied or underapplied factory overhead?

Overapplied factory overheadUnderapplied factory overhead