Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant...

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Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $515,000, and total direct labor costs would be $412,000. During February, the actual direct labor cost totaled $35,000, and factory overhead cost incurred totaled $45,500. a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. % Feedback b. Journalize the entry to apply factory overhead to production for February. Work in Process-Blending Department Factory Overhead-Blending Department Feedback c. What is the February 28 balance of the account Factory Overhead-Blending Department? Amount: Debit or Credit? Debit d. Does the balance in part (c) represent overapplied or underapplied factory overhead? Underapplied factory overhead Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $515,000, and total direct labor costs would be $412,000. During February, the actual direct labor cost totaled $35,000, and factory overhead cost incurred totaled $45,500. a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals. % Feedback b. Journalize the entry to apply factory overhead to production for February. Work in Process-Blending Department Factory Overhead-Blending Department Feedback c. What is the February 28 balance of the account Factory Overhead-Blending Department? Amount: Debit or Credit? Debit d. Does the balance in part (c) represent overapplied or underapplied factory overhead? Underapplied factory overhead

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a Predetermined factory overhead rate Overhead cost 515000 Dir... View the full answer