Winston Company estimates that the total factory overhead for the following year will be $1,092,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 36,400 hours. The total actual machine hours for the year were 54,100 hours. The actual factory overhead for the year was $1,613,000.

Question Content Area

a. Determine the total factory overhead applied. When required, round your answer to the nearest dollar.

b. Compute the over-or underapplied factory overhead for the year. Enter the amount as a positive number.

c. Journalize the entry to close Factory Overhead to Cost of Goods Sold. If an amount box does not require an entry, leave it blank.