Question: ch 3 2 Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for Kenner Beverage Co. estimated that
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $676,250, and total direct labor costs would be $541,000. During May, the actual direct labor cost totaled $47,000, and factory overhead cost incurred totaled $61,100. a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. % roneck My work Identfy the activity base for this compary. Remember to enter the number as a whole percent not in decinals. b. Joumalize the entry to apply factory overhead to production for May. Work in Process-Blending Department Factory Overhead-Blending Department Feerback TCheck My Work Recall how the predetermined overtead is appled to deparments. How does the appled cwerhead affect work in process? c. What is the May 31 balance of the account Factory Overheed-Blending Department? Amount: Debit or Credit? Previous Next
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