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ID:A Problem for the current year are $250,000 and 56,250 respectively. During January, the first month of the current year, actual machine hours used totaled
ID:A Problem for the current year are $250,000 and 56,250 respectively. During January, the first month of the current year, actual machine hours used totaled 5,100 and factory overhead cost incurred totaled $22,000. I. The estimated total factory overhead cost and total machine hours for Department 40 Determine the factory overhead rate based on machine hours. (a) for January. b)Present the entry to apply factory overhead to production in Department 40 What is the balance of Factory Overhead -Department 40 at January 31? (e) Does the balance of Factory Overhead - Department 40 at January 31 represent overapplied or underapplied factory overhead? (d) For the current year ending April 30, Hal Company expects fixed costs of S60,000, a unit variable cost of $70, and a unit selling price of $105. 2. (a) Compute the anticipated break-even sales (units) (b) Compute the sales (units) required to realize an operating profit of $8,000. 10
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