Question
The estimated total factory overhead cost and toal machine hours for Department 40 for the current year are $225,000 and 56,250 respectively, During January, the
The estimated total factory overhead cost and toal machine hours for Department 40 for the current year are $225,000 and 56,250 respectively, During January, the first month of the current year, actual machine hours used totaled 5,100 and facoty overhead cost incurred totaled $19,800
a. Determine the factory overhead tare base on machine hours
b. Present the entry to apply factory overhead to production in Department 40 for January.
c. What is the balance of Factory overhead- department 40 at Jan. 31
d. Does the balance of Factory Overhead-Department 40 at Jan. 31 represent oversupplied or undersupplied factory overhead?
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