Question 9(7 points)

During March 2019, Virginia Bay Corporation recorded $275,000 of costs related to factory overhead.Virginia Bay's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $268,000 would be incurred, and 7,100 direct labor hours would be worked.During March, 11,000 hours were actually worked. Use this information to determine the standard overhead rate.(round & enter any final dollar answers to the nearest cent):

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Question 10(7 points)

During March 2019, Alaska Corporation recorded $254,000 of costs related to factory overhead.Alaska's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $250,000 would be incurred, and 12,500 direct labor hours would be worked.During March, 11,700 hours were actually worked. Use this information to determine the amount of overhead over or under applied.Enter overapplied overhead as anegativenumber.(round & enter any final dollar answers to the nearest whole dollar)

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Question 11(8 points)

On March 31, 2019, Dorchester Corporation recorded the following factory overhead costs incurred:

Factory Manager Salary$5,500

Factory Utilities2,800

Machinery Deprecation9,000

Machinery Repairs1,800

Factory Rent2,000

The overhead application rate is based on direct labor hours.The preset formula for overhead application estimated that $22,000 would be incurred, and 2,000 direct labor hours would be worked. During March, 650 hours were actually worked on Job Order 3-1 and 1,200 hours were actually worked on Job Order 3-2. 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 3-1

3. the allocation of factory overhead to Job Order 3-2

4. the adjusting entry to dispose of any over or under application of factory overhead