Question: Factory Overfiead Rate, Entry for Apslying factery Overhead, and Foctory Overhead Account Bsisnce The cost accointant for Fiver Rock Beveroge Co. estimated thas total factory

 Factory Overfiead Rate, Entry for Apslying factery Overhead, and Foctory Overhead

Factory Overfiead Rate, Entry for Apslying factery Overhead, and Foctory Overhead Account Bsisnce The cost accointant for Fiver Rock Beveroge Co. estimated thas total factory owerhead cost for the Biending Departiment for the coming fiscal year beginning February 1 would be $602,402, and totei derect labor costs would be $502,000. During February, the actsal direct iabor cost totaled $43,000, and factory overtead cost incurred totaled $53,650. a. What is the predetermined factory ovemend rate based on direct letor cos?? Enter your answer as a whole percent not in decinais. b. Journalize the entry to opply factory overhead to production for february. If an amount box does not reevire an entry, leave it blank. 6. What is the Febecuary 28 batance of the sccount Factory Overtiesd-Eending Depertmant? Ameune 1 Decter or crant d. Does the palance in part (c) represent overappled of undetapplied foctorr overteed

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!