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Question 1 (18 points) n March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred Factory Manager Salary Factory Utilities Machinery Deprecation $7,000
Question 1 (18 points) n March 31, 2017, Alpha Corporation recorded the following factory overhead costs incurred Factory Manager Salary Factory Utilities Machinery Deprecation $7,000 3,500 10,000 2,500 1,500 Machinery Repairs Factory Insurance (prepaid) The overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $23,000 would be incurred, and 10,000 direct labor hours would be worked. During March, 7,500 hours were actually worked on Job Order A-2 and 3,000 hours were actually worked on Job Order A-3. Use this information to prepare the March 31 General Journal entries, without explanations, for the: (round any final dollar answers to the nearest whole dollar): 1. to record the factory overhead costs 2. the allocation of factory overhead to Job Order A-2 3. the allocation of factory overhead to Job Order A-3 4. the adjusting entry to dispose of any over or under application of factory overhead
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