Michael’s Camping Supply incurs the following expenses throughout the month of June: $5,000 for indirect materials, $7,000 for indirect labor, $4,400 for factory utilities, and $1,200 for factory depreciation. At the beginning of the month, the company expected to incur $20,000 in factory overhead, which would be allocated based on the expected 2,000 direct labor hours to be worked. 

a. Prepare the journal entry required to record the costs considered to be factory overhead.

 

b. Calculate the predetermined factory overhead rate.

 

 

Answer rating: 100% (QA)

a Journal Entry for Factory Overhead To record the factory overhead ex... View the full answer