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AutoSave OFF ACCT203-FINAL-EXAM-NEW Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) 11 AA ab Wrap Text General Insert v Ex Delete v Ex AP - O. Paste BIUV MvAv EE Merge & Center v $ ~ % " Conditional Format Cell Find & Ideas Sensitivity Formatting as Table Format v X v Sort & Styles Filter Select x Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates C2 x v fx Choose Account: A B C D E F G H U A W N THIS SHEET NOT DONE YET When you are finished with this exercises, change the status to "DONE!" ALT-OVER-UNDERAPPLIED Crain Company estimated that its factory overhead for 2019 would be $850,000. The factory overhead is applied using Direct Labor Hours. Crain estimated that it would use 50,000 Direct Labor Hours in 2019. The actual factory overhead in 2019 turned out to be $843,000 and the company actually used 49,500 direct labor hours. a. What is the predetermined ovehead rate (POR)? 17 per direct labor hour. b. What was the amount of the actual and applied overhead? Factory Overhead 16 Fill in the actual and appl 19 C. Was the overhead underapplied or overapplied? UNDERAPPLIED 21 d. By how much? Show entry to close the Factory Overhead account. 24 25 GENERAL JOURNAL DEBIT CREDIT 26 Choose Account: 27 28 Choose Account: 29 CASH 30 ACCOUNTS RECEIVABLE RAW MATERIALS WORK IN PROCESS FINISHED GOODS 35 FACTORY OVERHEAD 36 37 ACCOUNTS PAYABLE 38 SALES 39 COST OF GOOD 40 41 0. STUDENT INFO 1. ALT-BASIC-JO-ENTRIES 2. ALT-OVER-UNDER 3. BREAKEVEN 4. CONVERT INC STMT 5. FV AND PV 6. NPV 7. BUDGETS + Ready + 100%