Taylor Company estimates that total factory overhead costs will be $250,000 for the year.
Direct labor hours are estimated to be 50,000. For Taylor Company,
(a) Determine the predetermined factory overhead rate,
(b) Determine the amount of factory overhead applied to Jobs 80 and 82 in November using the data on direct labor hours from Practice Exercise 19-2A, and
(c) Prepare the journal entry to apply factory overhead to both jobs in November according to the predetermined overhead rate.