Winston Company estimates that total factory overhead for the following year will be $987,500. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 39,500 hours. The total actual machine hours for the year were 55,000 hours. The actual factory overhead for the year was $1,394,000. Enter the amount as a positive number.

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a. Determine the total factory overhead applied during the year. $fill in the blank 4a75e2f6e01f045_1

b. Compute the over- or underapplied factory overhead for the year. $fill in the blank 4a75e2f6e01f045_2

overappliedunderapplied

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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.

blank	CashCost of Goods SoldFactory OverheadMaterialsWork in Process	- Select -	- Select -
	CashCost of Goods SoldFactory OverheadMaterialsWork in Process	- Select -	- Select -