Information for three different companies follows. Each company applies factory overhead at the rate of 45% of direct labor cost. In each scenario, the following entry was made to record the actual overhead costs:

Question 4 (B-19.07 Over- and underapplied overhead scenarios) Information for three different companies follows. Each company applies factory overhead at the rate of 45% of direct labor cost. In each scenario, the following entry was made to record the actual overhead costs: 133,000 Factory Overhead Salaries Payable Utilities Payable Supplies Accumulated Depreciation 70,000 40,000 5,000 18,000 Prepare a compound journal entry for each company to transfer raw materials to production, record direct labor costs on each job, and apply overhead at the predetermined rate. If the scenario involves underapplied or overapplied overhead, prepare an additional journal entry to transfer the amount to Cost of Goods Sold. Company A Raw materials transferred to production totaled $110,000, and direct labor cost was $225,500 Company B Raw materials transferred to production totaled $170,000, and direct labor cost was $140,000 Company C Raw materials transferred to production totaled $990,000, and direct labor cost was $225,000