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eBook Show Me How Question Content Area Factory Overhead Rates, Entries, and Account Balance Eclipse...

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Accounting

eBook Show Me How Question Content Area Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 Estimated factory overhead cost for fiscal year beginning August 1 $941,850 $535,800 Estimated direct labor hours for year 9,400 Estimated machine hours for year 20,930 Actual factory overhead costs for August $75,180 $46,510 Actual direct labor hours for August 850 Actual machine hours for August 1,630

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