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Instruction Cavy Company estimates that total factory overhead costs will be $1.101.828 for the year. Direct labor hours are estimated to be 109.200. Required: Determine

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Instruction Cavy Company estimates that total factory overhead costs will be $1.101.828 for the year. Direct labor hours are estimated to be 109.200. Required: Determine (e) the predetermined factory overhead rate: (b) the amount of factory overhead applied to Job 456 if the amount of direct labor hours is 1,400 and Job 888 if the amount of direct labor hours is 2,800, and (c) prepare the joumal entry to apply factory overhead for Apri according to the predetermined overhead rate. Refer to the Chart of Accounts for exact wording of account des CHART OF ACCOUNTS Cavy Company General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue 121 Accounts Receivable 131 Materials 133 Work in Process 135 Factory Overhead 137 Finished Goods 141 Supplies 142 Prepaid Expenses EXPENSES 510 Cost of Goods Sold 520 Wages Expense 531 Insurance Expense 532 Utilities Expense 533 Office Supplies Expense 560 Depreciation Expense 590 Miscellaneous Expense 710 Interest Expense 181 Land 190 Factory Equipment 191 Accumulated Depreciation LIABILITIES 210 Accounts Payable 221 Utilities Payable 251 Wages Payable 131 Materials 133 Work in Process EXPENSES 510 Cost of Goods Sold 135 Factory Overhead 137 Finished Goods 141 Supplies 142 Prepaid Expenses 181 Land 190 Factory Equipment 191 Accumulated Depreciation 520 Wages Expense 531 Insurance Expense 532 Utilities Expense 533 Office Supplies Expense 580 Depreciation Expense 500 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 221 Utilities Payable 251 Wages Payable EQUITY 311 Common Stock 340 Retained Earnings 351 Dividends 390 Income Summary Factory Overhead (a) Determine the predetermined factory overhead rate. Round your answer to the nearest cent Predetermined factory overhead rate $ (b) Determine the amount of factory overhead applied to Job456f the amount of direct labor Moura i 400 and Job 860 if the amount of direct labor hours is 2800 S Job 450 Job S (c) Prepare the journal entry to apply factory overhead for April 30 according to the predetermined overhead rate. Refer to the Chart of Accounts PAGE 1 JOURNAL DATE DESCRIPTION POST. REF: DEBIT CREDIT 1 2

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