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K-SO Corporation operates a factory where overhead is applied on the basis of labor hours. Estimated overhead costs for the year: $589,530 Estimated labor hours
K-SO Corporation operates a factory where overhead is applied on the basis of labor hours. Estimated overhead costs for the year: $589,530 Estimated labor hours for the year: 45,700 Actual activity for a specific month of operations are: $68,687 of actual overhead costs incurred 5,030 labor hours . $ 12.90 per labor hour Calculate the Predetermined Overhead Rate per labor hour (round to the nearest hundredth/input code: 0.00) For the month, what is the amount of overhead applied to jobs? (round to the $ nearest whole dollar/input code: 0) For the month, how many dollars would K-SO Corporation be over-applied (enter as a positive value) or under- applied (enter as a negative value) (round to the nearest whole dollar/input code: 0) |K-SO Corporation makes the following journal entry: Dr. Work in Process Cr. Overhead What is the dollar amount that should be used for this journal entry? (input code: 0) K-SO Corporation makes the following journal entry: Dr. Cost of Goods Sold Cr. Overhead What is the dollar amount that should be used for this journal entry? (input code: 0)
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