A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be $326,100 and direct labor hours would be 48,500. Actual manufacturing overhead costs incurred were $314,800, and actual direct labor hours were 54,100. What is the predetermined factory overhead rate per direct labor hour? 55.36 b$8.07 $10.09 4. $6.72

A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be $326,100 and direct labor hours would be 48,500. Actual manufacturing overhead costs incurred were $314,800, and actual direct labor hours were 54,100. What is the predetermined factory overhead rate per direct labor hour? 55.36 b$8.07 $10.09 4. $6.72

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Description: A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that total factory overhead costs would be$326,100 and direct labor hours would be 48,500. Actual manufacturing overhead costs i

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 4BE: Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...

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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 3,150,000, and total direct labor costs would be 1,800,000. During February, the actual direct labor cost totalled 160,000, and factory overhead cost incurred totaled 283,900. a. What is the predetermined factory overhead rate based on direct labor cost? b. Journalize the entry to apply factory overhead to production for February. c. What is the February 28 balance of the account Factory OverheadBlending Department? d. Does the balance in part (c) represent over- or underapplied factory overhead?
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