{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-28T14:16:51-04:00", "answer_date": "2024-05-28 14:16:51", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1843032", "url": "\/study-help\/questions\/factory-overhead-rates-entries-and-account-balance-montenegro-metal-company-1843032", "question_creation_date_js": "2024-05-28T14:16:51-04:00", "question_creation_date": "May 28, 2024 02:16 PM", "meta_title": "[Solved] Factory Overhead Rates, Entries, and Acco | SolutionInn", "meta_description": "Answer of - Factory Overhead Rates, Entries, and Account Balance Montenegro Metal Company operates two factories. The company appl | SolutionInn", "meta_keywords": "factory,overhead,rates,entries,account,balance,montenegro,metal,company,operates,two,factories", "question_title_h1": " Factory Overhead Rates, Entries, and Account Balance Montenegro Metal Company operates two factories. The company applies factory overhead to jobs on the basis of", "question_title": " Factory Overhead Rates, Entries, and Account Balance Montenegro Metal Company operates", "question_title_for_js_snippet": "Factory Overhead Rates, Entries, and Account Balance Montenegro Metal Company operates two factories The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labe labor hours, and machine hours are as follows Estimated factory overhead cost for fiscal year beginning March 11 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March Actual machine hours for March a Determine the factory overhead rate for Factory 1 per machine hour b Determine the factory overhead rate for Factory 2 per direct labor hour Factory 1 Factory 2 $1,042,800 $738,100 12,100 23,700 $83,440 $63,830 1,090 1,850", "question_description": "\"image\"image\"image", "transcribed_text": "Factory Overhead Rates, Entries, and Account Balance Montenegro Metal Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labe labor hours, and machine hours are as follows: Estimated factory overhead cost for fiscal year beginning March 11 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March - Actual machine hours for March a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. per direct labor hour Factory 1 Factory 2 $1,042,800 $738,100 12,100 23,700 $83,440 $63,830 1,090 1,850", "related_book": { "title": "Intermediate Accounting", "isbn": "978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163", "edition": "6th edition", "authors": "J. David Spiceland, James Sepe, Mark Nelson", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/254.jpg", "uri": "\/textbooks\/intermediate-accounting-6th-edition-254", "see_more_uri": "" }, "free_related_book": { "isbn": "1568959672", "uri": "\/textbooks\/tuesdays-with-morrie-large-print-edition-978-1568959672-215052", "name": "Tuesdays With Morrie", "edition": "Large Print Edition" }, "question_posted": "2024-05-28 14:16:51", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/financial-and-managerial-accounting-16th\/hemming-co-reported-the-following-current-year-purchases-and-sales-1235052", "description": "Hemming Co. reported the following current year purchases and sales for its only product. Required Hemming uses a perpetual inventory system. 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