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Prepare the joumal entry for materials and labor, based on the following: Raw materials issued: Job No. 609, $850; for general use in factory, $600 Labor time tickets: Job No. 609, $1,600; $400 for supervision. If an amount box does not require an entry, leave it blank. Email Ins All work saved. MacBook Pro 000 Winston Company estimates that the factory overhead for the following year wil be $1,250,000. The company has dedided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. The total machine hours for the year were 54,300 hours. The actual factory overhead for the year was $1,348,800. a. Determine the total factory overhead amount applied. b. Calculate the over- or underapplied amount for the year. C. Prepare the journal entry to dose factory overhead into Cost of Goods Sold. Previous Next Submit Test for Grading Email Instructor All work saved. MacBook Pro 4) 19 & %24 de 6. P. Y K H. * CO