Nov. 30 Trial Balance POGP Company Trial Balance November 30, 2018 Account Title Debit Credit Cash Accounts Receivable Supplies Materials Work in Process Equipment 20,000 1,000 200 5,000 5,404 12,000 Accumulated Depreciation-Equipment 825 Accounts Payable 150 Common Stock 10,000 Retained Earnings 12,000 Dividends 18,096 Sales 307,500 Cost of Goods Sold 255,040 Factory Overhead 15 Wages Expense 13,750 330,490 330,490 Predetermined Factory Overhead Rate Since the company is more reliant on labor than machines, Maria decides to use direct labor hours (DLH) as the activil Estimated Selected Amounts for the Year Estimated depreciation on equipment $1,200 Estimated total Office Manager/Knitting Supervisor wages $30,000 Estimated office utilities Estimated factory utilities Estimated factory rent Activity Base Data Estimated number of DLH for the year 5,000 Estimated number of MH for the year 3,500 $5,000 $4,800 $18,000 Compute the predetermined factory overhead rate for the current year. 57.80 per DLH |