Please help me with show all calculation thanku Cavy Company estimates that total factory overhead costs will be $638,808 for the year. The company has decided that the basis forapplying factory overhead should be direct labor hours, which are estimated to be 103,200 hours.a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent.per direct labor hourb. Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,300 and to Job 777 if the amount ofdirect labor hours is 3,300.Job 345 $Job 777 $c. Journalize the entry for the factory overhead applied if Jobs 345 and 777 are the only jobs for the period. If an amount box does notrequire an entry, leave it blank.Work in ProcessFactory Overhead

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Description: Please help me with show all calculation thanku Cavy Company estimates that total factory overhead costs will be $638,808 for the year. The company has decided that the basis forapplying factory overhead should be direct labor hours, which are estima

The predetermined overhead rate is calculated as Estimated overhead cost divided by Estimated base…

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avy Company estimates that total factory overhead costs will be $638,808 for the year. The company has decided that the basis for mplying factory overhead should be direct labor hours, which are estimated to be 103,200 hours. -Compute the predetermined factory overhead rate. Round your answer to the nearest cent. per direct labor hour Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,300 and to Job 777 if the amount om irect labor hours is 3,300. ob 345 s ob 777 $ Journalize the entry for the factory overhead applied if Jobs 345 and 777 are the only jobs for the period. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead

avy Company estimates that total factory overhead costs will be $638,808 for the year. The company has decided that the basis for mplying factory overhead should be direct labor hours, which are estimated to be 103,200 hours. -Compute the predetermined factory overhead rate. Round your answer to the nearest cent. per direct labor hour Determine the amount of factory overhead applied to Job 345 if the amount of direct labor hours is 1,300 and to Job 777 if the amount om irect labor hours is 3,300. ob 345 s ob 777 $ Journalize the entry for the factory overhead applied if Jobs 345 and 777 are the only jobs for the period. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead

Managerial Accounting

15th Edition

ISBN:9781337912020

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

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

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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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?
Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?
Compute the total job cost for each of the following scenarios: a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials used totaled 5,000 and that the direct labor cost totaled 3,200. b. If the direct labor hour method is used in applying factory overhead and the predetermined rate is 10 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, and the number of direct labor hours totaled 250. c. If the machine hour method is used in applying factory overhead and the predetermined rate is 12.50 an hour, what amount should be charged to Job 2010 for factory overhead? Assume that the direct materials used totaled 5,000, the direct labor cost totaled 3,200, the direct labor hours were 250 hours, and the machine hours were 295 hours.
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