Question

Cavy Company estimates that total factory overhead costs will be $637,294 for the year. Direct labor...

Cavy Company estimates that total factory overhead costs will be $637,294 for the year. Direct labor hours are estimated to be 92,900.

a. Compute the predetermined factory overhead rate. Round your answer to the nearest cent.
$................ per direct labor hour

b. Determine the amount of factory overhead applied to Job 567 if the amount of direct labor hours is 1,400 and to Job 999 if the amount of direct labor hours is 3,200.

Job 567 $
Job 999 $

c. Journalize the entry to record the factory overhead applied if Jobs 567 and 999 are the only jobs for the period. If an amount box does not require an entry, leave it blank.

- ................. .............. ...............

- .................. ............. ...............

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cavy Company estimates that total factory overhead costs will be $733,460 for the year. Direct labor...
Cavy Company estimates that total factory overhead costs will be $733,460 for the year. Direct labor hours are estimated to be 91,000. Required: Determine (a) the predetermined factory overhead rate; (b) the amount of factory overhead applied to Job 567 if the amount of direct labor hours is 1,400 and Job 999 if the amount of direct labor hours is 2,900; and (c) prepare the journal entry to apply factory overhead for April according to the predetermined overhead rate. Refer...
1. Carrothers Company estimates that total factory overhead costs will be $960,000 for the year. Direct...
1. Carrothers Company estimates that total factory overhead costs will be $960,000 for the year. Direct labor hours are estimated to be 80,000. a. For Carrothers Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. ___________ per direct labor hour b. During August, Carrothers Company accumulated 4,300 hours of direct labor costs on Job 50 and 5,100 hours on Job 56. Determine the amount of factory overhead applied to Jobs 50 and 56 in...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $3,990 Job 202 2,000 Job 203 1,580 Job 204 2,930 Factory supervision 1,370 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $20 per direct labor hour. The direct labor rate is $14 per hour. If required, round final answers to the...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a...
Entries for Direct Labor and Factory Overhead Townsend Industries Inc. manufactures recreational vehicles. Townsend uses a job order cost system. The time tickets from November jobs are summarized as follows: Job 201 $2,550 Job 202 1,280 Job 203 1,010 Job 204 1,880 Factory supervision 870 Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $28 per direct labor hour. The direct labor rate is $14 per hour. If required, round final answers to the...
The Cavy Company accumulated 540 hours of direct labor on Job 567 and 830 hours on...
The Cavy Company accumulated 540 hours of direct labor on Job 567 and 830 hours on Job 999. The direct labor was incurred at a rate of $19 per direct labor hour for Job 567 and $23 per direct labor for Job 999. Journalize the entry to record the flow of labor costs into production.
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $76,000 for the...
Applying Factory Overhead Jernigan Company estimates that total factory overhead costs will be $76,000 for the year. Direct labor hours are estimated to be 19,000. a. For Jernigan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. $ per direct labor hour b. During May, Jernigan Company accumulated 580 hours of direct labor costs on Job 200 and 630 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and...
Applying Factory Overhead Keenan Company estimates that total factory overhead costs will be $144,000 for the...
Applying Factory Overhead Keenan Company estimates that total factory overhead costs will be $144,000 for the year. Direct labor hours are estimated to be 9,000. a. For Keenan Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. If required, round your answer to two decimal places. $ per direct labor hour b. During August, Keenan Company accumulated 850 hours of direct labor costs on Job 40 and 890 hours on Job 42. Determine the...
During April, Cavy Company incurred factory overhead as follows: Indirect materials $11,400 Factory supervision labor 4,700...
During April, Cavy Company incurred factory overhead as follows: Indirect materials $11,400 Factory supervision labor 4,700 Utilities 550 Depreciation (factory) 600 Small tools 370 Equipment rental 730 Record the entry for factory overhead incurred during April. If an amount box does not require an entry, leave it blank.
Winston Company estimates that the factory overhead for the following year will be $831,000. The company...
Winston Company estimates that the factory overhead for the following year will be $831,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 27,700 hours. The total machine hours for the year were 55,000 hours. The actual factory overhead for the year was $1,673,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. Round to the nearest dollar. $ b. Compute the over-...
Winston Company estimates that the factory overhead for the following year will be $1,135,600. The company...
Winston Company estimates that the factory overhead for the following year will be $1,135,600. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 33,400 hours. The total machine hours for the year were 54,900 hours. The actual factory overhead for the year was $1,893,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. Round to the nearest dollar. $ b. Compute the over-...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT