Please help with these questions. Thank you so much
Ctrl Bonus Assignment - Final Exam Practice. Chapter 19: On January 7, 20Y5, the materials department of Deacon Corporation received the following items: Receiving Report NO. 40 for $1,400, materials requisition for Job 70 for $400, and materials requisition for Job 71 for $230. As of January 1, 20Y5, Deacon Corporation expected to incur $10,000 of factory overhead. This would be applied per hour of machine usage, which is expected to be 4,000 hours oo hours for the month . The company incurs the following expenses during the month: $1,000 for indirect materials, $4,100 for indirect labor, $5,000 for factory utilities, and $1,750 for factory depreciation. Job 70 required 1,900 machine hours and Job 71 required 2,950 machine hours. a. Calculate the predetermined factory overhead rate. b. What is the amount of costs incurred for Job 70? Throughout the year, Deacon Corporation incurred an additional $90,400 of expenses allocated to Factory Overhead. The company applied an additional $89,200 of Factory Overhead to Work in Process. C. At the end of January and D ecember, was Factory Overhead over- or underapplied? And by how much? Deacon Corporation completed Job 70 on February 15 and Job 71 on March 18. Job 70 required the following additional costs: $7,500 of materials, $5,000 of direct labor, and $4,000 of factory overhead. Job 71 required the following additional costs: $6,100 of materials, $3,300 of factory overhead, and $4,900 of direct labor. d. If Work in Process had a beginning balance of $5,000 as of the beginning of January, what is the balance after the completion of the jobs? An additional $2,300 was transferred to finished goods inventory for Job 72. 2. The following account appears in the ledger after only part of the postings have been completed for July, the first month of the current fiscal year: eos yd sinu 190 song anillag ni seestoo .6 Work in Process 060 se vd atzto bevil ni sessiont , d July 1 Balance 60,200 os. 12 vd atzco sidehav al 9269yoed 147,000 Direct materials 120,000 ening neve ssend edt sfaluptoo of woled awere no fareofni erdi sall 212on basil to Direct labor .Jbuboyq bexim grit enimisish of xim esse grit sau .vnegmos art rol Factory overhead is applied to jobs at the rate of 60% of direct labor cost. The actual factory overhead incurred for July was $75,000. Jobs completed during the month totaled $301,200. pong ani What is the balance of the factory overhead account on July 31? deon oldshev that blog stints Was factory overhead over applied or under applied on July 31? Determine the balance of Work in Process on July 31.drones s over 1Eff eboog berlinit 090,2 8subo in 07 1205 bexit 3. At the end of July, the first month of the current fiscal year, the factory overhead account had a debit balance. Which of the following describes the nature of this balance and how it would be reported on the interim balance sheet? 000.82 .d a. Over applied, deferred credit 090,000.812 .0 b. Under applied, deferred debit 000,050,12 6 c. Under applied, deferred credit d. Over applied, deferred debit
