Question
Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the
Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning March 1 $580,500 $540,000 Estimated direct labor hours for year 9,000 Estimated machine hours for year 23,220 Actual factory overhead costs for March $46,380 $46,660 Actual direct labor hours for March 810 Actual machine hours for March 1,810 a. Determine the factory overhead rate for Factory 1. $fill in the blank 1bcb24057066fe4_1 per machine hour b. Determine the factory overhead rate for Factory 2. $fill in the blank 1bcb24057066fe4_2 per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 fill in the blank fa404201d06600d_2 fill in the blank fa404201d06600d_4 Factory 2 fill in the blank fa404201d06600d_6 fill in the blank fa404201d06600d_8 dDetermine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $fill in the blank ec3f3109f03c030_1 Factory 2 $fill in the blank ec3f3109f03c030_4
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