. • Instructions Tiny Biggs Company operates two factories. The company applies factory overhead to jobs on the basis of

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. • Instructions Tiny Biggs 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 $847,000 Estimated factory overhead cost for fiscal year beginning September 1 $1,337,500 Estimated direct labor hours for year 24,200 Estimated machine hours for year 53.500 Actual factory overhead costs for September $100,410 $90,000 Actual direct labor hours for September 2,720 Actual machine hours for September 4,400 Required: A. Determine the factory overhead rate for Factory 1. B. Determine the factory overhead rate for Factory 2 C. Journalize the Sep. 30 entries to apply factory overhead to production in each factory for September. Refer to the Chart of Accounts for exact wording of account titles D. Determine the balances of the factory overhead accounts for each factory as of September 30, and indicate whether the amounts represent veracoted factory overhead or underapplied factory.ceed
Instructions Chart of Accounts Factory Overhead Rates Shaded cells have feedback Factory Overhead Rates A Determine the factory overhead rate for Factory 1. $ per machine hour Points: B. Determine the factory overhead rate for actory 2. per direct labor hour Points: wory mouTuy 0/1 0/1 Journal Final Question verhead to jobs on the basis of machine hours in Factory 1 and on the hours are as follows: Factory 1 Factory 2 $1,337,500 $847,000 24,200 53,500 $108,410 $96.900 2,720 4,400 factory for September. Refer to the Chart of Accounts for
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