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Instructions Edipse Solar Company operates two factories. The company applies factory overhead to jobs on...

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Accounting

Instructions
Edipse 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:
Required:
a. Determine the factory overhead rate for Factory 1
b. Determine the factory overtead rate for Factory 2
c. Joumalize the Aug. 31 entries to apply factory overhead to proouction in each factory.
d. Determine the balances of the factory overhead accounts for each factory as of August 31, and indicate whetherthe amounts represent overapplied factory overhead or underapplied factory overhead.Factory 1
$
Factory 2-
Under EQUITY FOR THE CHART OF ACCOUNTS
EQUITY
311 Common Stock
340 Retained Earnings
351 Dividends
image

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