Which 3 approaches should be used to apply overhead products

3. Journal Entry to Apply Overhead, Closing Overhead Account. Downeyville Products, Inc., is deciding which of three approaches it should use to apply overhead to products. Information for each approachi provided as follows. One plantwide rate. The predetermined overhead rate is $140 per direct labor hour Department rates. The Cutting department uses a rate of 200 percent of direct labor cost, and the Finishing department uses a rate of $50 per machine hour. Activity-based costing rates. Three activities were identified, and rates were calculated for each activity . Materials handling $8 per pound of material purchased Production setup $60 per setup Quality control $110 per batch inspected Required: Direct labor hours totaled 2,000 for the year. Using the plantwide method, calculate the amount of overhead applied to products, and make the appropriate journal entry During the year, the Cutting department incurred $80,000 indirect labor costs, and the 1. 2. 3. Journal Entry to Apply Overhead, Closing Overhead Account. Downeyville Products, Inc., is deciding which of three approaches it should use to apply overhead to products. Information for each approachi provided as follows. One plantwide rate. The predetermined overhead rate is $140 per direct labor hour Department rates. The Cutting department uses a rate of 200 percent of direct labor cost, and the Finishing department uses a rate of $50 per machine hour. Activity-based costing rates. Three activities were identified, and rates were calculated for each activity . Materials handling $8 per pound of material purchased Production setup $60 per setup Quality control $110 per batch inspected Required: Direct labor hours totaled 2,000 for the year. Using the plantwide method, calculate the amount of overhead applied to products, and make the appropriate journal entry During the year, the Cutting department incurred $80,000 indirect labor costs, and the 1. 2