a.  Determine the total factory overhead amount applied. Round to the nearest dollar. $fill in the blank 4aa682ff700b06f_1 b.  Compute the over- or underapplied amount for the year. Enter the amount as a positive number. $fill in the blank 4aa682ff700b06f_2   c.  Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank.     fill in the blank 3396d0faf031ffc_2 fill in the blank 3396d0faf031ffc_3     fill in the blank 3396d0faf031ffc_5 fill in the blank 3396d0faf031ffc_6

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Winston Company estimates that the factory overhead for the following year will be $533,900. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 28,100 hours. The total machine hours for the year were 54,800. The actual factory overhead for the year was $1,035,000.

a.  Determine the total factory overhead amount applied. Round to the nearest dollar.
$fill in the blank 4aa682ff700b06f_1

b.  Compute the over- or underapplied amount for the year. Enter the amount as a positive number.
$fill in the blank 4aa682ff700b06f_2  

c.  Journalize the entry to transfer the over- or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank.

    fill in the blank 3396d0faf031ffc_2 fill in the blank 3396d0faf031ffc_3
    fill in the blank 3396d0faf031ffc_5 fill in the blank 3396d0faf031ffc_6
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