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Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance Chart...

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Accounting

Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance
Chart of Accounts Starting Cuestion Journal Final Guestions
Instructions $13,000 and factory overhead cost incurred totaled $17,350.
Requlred:
a. What is the predetermined factory overhead rate based on direct labor cost?
b. On May 31, journalize the entry to apply factory overhead to production. Refer to the chart of accounts for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumals
wit automatically indent a credit entry when a credit amount is entered.
c. What is the May 31 balance of the account Factory Overhead-Blending Department?
d. Does the balance in part c represent over-or underapplied factory overhead?
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