Factory Overhead Stres And Amunt Balance Montermgre Metal Company Operates We Actories The Company Applies Factory Ove 1 (19.82 KiB) Viewed 25 times
Factory Overhead Stres And Amunt Balance Montermgre Metal Company Operates We Actories The Company Applies Factory Ove 2 (30.57 KiB) Viewed 25 times
Factory Overhead stres, and Amunt Balance Montermgre Metal Company operates we actories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of director hours in Facy 2. Estimated factory overhead cuts, rector hours, and machine hours are as follow Factory 1 Factory 2 Estimated factory overhead cost for year begin March 1 5517,000 $896,000 Estimated direct bor hours for year 14,000 Estimation machine hours for year 20,660 Actual factory overhead costs for March 541.260 577.410 Actual director hours for March 1,260 Actuele hours for March 1,610 Determine the factory overhead rate for Factory 1. machine hour D Determine the factory overend rate for Factory 2 rector hour conte entries to y factory overhead to production in each factory for March. It an amount box does not require an entry, leave it blank
1,260 1,610 Actual direct labor hours for March Actual machine hours for March a. Determine the factory overheed rate for Factory per machine hour b. Determine the factory overhead rate for Factory 2. per direct labor hour c. Journalize the entries to apply factory overhead to production in each factary for Morch. If an amount box does not require an entry, leave it blank Factory 1 Factory 2 d. Determine the balances of the factory overhead accounts for each factory as of March 31 and indicate whether the amounts represent overapplied factor overnador inderapped cry overhead. Factory 1 s Factory 2 5
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