FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Cavy Company estimates that total
Transcribed Image Text:Cavy Company estimates that total factory overhead costs will be $1,039,500 for the year. Direct labor hours are estimated to be 110,000.
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 456 if the amount of direct labor hours is 1,000 and to Job 888 if the amount of direct labor hours is 2,800.
Job 456
Job 888
c. Journalize the entry to record the factory overhead applied if Jobs 456 and 888 are the only jobs for the period. If an amount box does not require an entry, leave it blank.
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