The books of Prestige Products Company revealed that the following general journal entry had been made at

Question:

The books of Prestige Products Company revealed that the following general journal entry had been made at the end of the current accounting period:

Factory Overhead . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000

Under- and Over-applied Factory Overhead . . . . . . . . . . . . . 2,000

Closed credit balance in factory overhead control account.

The total direct materials cost for the period was $40,000. The total direct labor cost, at an average rate of $10 per hour for direct labor, was one and one-half times the direct materials cost. Factory overhead was applied on the basis of $4 per direct labor hour. What was the total actual factory overhead incurred for the period?


Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Cost Accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

Question Posted: