Prostheses Industries operates two factories. The manufacturing operation of Factory 1 is machine intensive, while the manufacturing
Question:
a. Determine the factory overhead rate for Factory 1.
b. Determine the factory overhead rate for Factory 2.
c. Determine the factory overhead applied to production in each factory for January.
d. Determine the balances of the factory accounts for each factory as of January 31, and indicate whether the amounts represent overapplied or underapplied factory overhead.
e. Explain why Factory 1 might use machine hours to allocate factory overhead while Factory 2 uses direct laborhours.
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