Instruction Chart of Accounts Starting Question Journal Final Questions Instructions The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $160,000, and total direct labor costs would be $100.000. During February, the actual direct labor cost totaled $13,500, and factory overtad cont incurred totale $21.950. Required: a. What is the predetermined factory overhead rate based on direct labor cost? Journalize the entry to apply factory overhead to production for February 28. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for space or journal explanations. Every line on a journal page is used for debit or credit entries. Do not add explanations or skip a line between journal entries. CNOW Journals will automatically indent a credit unity when a credit amount is entered G: What is the February 28 balance of the account Factory Overhead-Blending Department? d. Does the balance in part (c) represent over or underappled factory overhead? Instructions Chart of Accounts Starting Question Journal Final Questions Instructions Th Chart of Accounts ASSETS REVENUE be 110 Cash 410 Sales 121 Accounts Receivable 610 Interest Revenue 125 Notes Receivable EXPENSES 126 Interest Receivable 131 Materials 510 Cost of Goods Sold 141 Work in Process-Blending Department 142 Work in Process-Filling Department 151 Factory Overhead-Blending Department 152 Factory Overhead-Filling Department 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 161 Finished Goods 534 Supplies Expense 540 Administrative Expenses 171 Supplies account balance Instructions Chart of Accounts Starting Question Journal Final Questions Instructions Chart of Accounts Th 141 Work in Process-Blending Department be 142 Work in Process-Filling Department 151 Factory Overhead-Blending Department 152 Factory Overhead-Filing Department 161 Finished Goods 171 Supplies 172 Prepaid Insurance 173 Prepaid Expenses 520 Wages Expense 531 Selling Expenses 532 Insurance Expense 533 Utilities Expense 534 Supplies Expense 540 Administrative Expenses 561 Depreciation Expense-Factory 590 Miscellaneous Expense 710 Interest Expense 181 Land 191 Factory 192 Accumulated Depreciation-Factory tarting Question What is the predetermined factory overhead rate based on direct labor cost? % Stang Journal b. Journalize the entry to apply factory overhead to production for February 28. Refer to the chart of accounts for the exact wording of the accounts. CNOW Journals do not use lines for spaces or journal explanations. Every line on a journal page is used for det or credit entries. Do not add explanations of skip a ine between journal arties CNOW journals will automatically indent a credit entry when a credit amount is entered PAGE 10 ACCOUNTING EQUATION JOURNAL CREDIT AST roury DOMT DESCRIPTION POST. BEI DATE b. Final Questions Shaded cells have feedback. X wordir c. What is the February 28 balance of the account Factory Overhead-Blending Department? anatic US CN Amount: Debit or credit? Debit Q 1/2 Points: re: 0 DIT d. Does the balance in part (C) represent over- or underapplied factory overhead? Underapplied factory overhead 1 Points: 1/1 2