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Factory Overhead Rates, Entries, and Account Balance overhead costs, direct labor hours, and machine hours...

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Accounting

Factory Overhead Rates, Entries, and Account Balance
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
Estimated direct labor hours for year
Estimated machine hours for year
Actual factory overhead costs for August
Actual direct labor hours for August
Actual machine hours for August
a. Determine the factory overhead rate for Factory 1.
$
per machine hour
b. Determine the factory overhead rate for Factory 2.
$
per direct labor hour
$750,960
$982,800
12,600
20,860
$60,150
$84,610
1,130
1,630
c. Journalize the entries to apply factory overhead to production in each factory for August. If an amount box does not require an entry, leave it blank.
Factory 1
Factory 2
Factory 1$
Factory 2 $
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