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please help me with the last three questions Cavy Company estimates that the factory overhead for the following year will be $1,250,000. The company has
please help me with the last three questions
Cavy Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 40,000 hours. The machine hours for the month of April for all of the jobs were 4,780. If the actual factory overhead totaled $141,800, determine the over or underapplied amount for the month, 3. 57.375 aveapplied 6. 57.575 underapplied 515,220 overapplied d. 535,220 underapplied C. Wages Payable During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and 825,000 for general factory use (indirect labar) In addition factory overhead charged to production was $32,000. The Journal entry to record the direct labor costs is Work in Process 175,000 Wages Payable 175,000 150,000 Work in Process 150,000 CC Wages Payable 175,000 Work in Process 175,000 d. Work in Process 150,000 Wages Payable 150,000 The materials requisition is used to a release finished goods to the shipping department b. record the acquisition of materials from a vendor c. release materials from the storeroom to the factory d. record and electronically transmit materiali data in place of a receiving report Step by Step Solution
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