Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $243,000 for the...
Applying Factory Overhead Darling Company estimates that total factory overhead costs will be $243,000 for the year. Direct labor hours are estimated to be 27,000.
A. For Darling 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, Darling Company accumulated 730 hours of
direct labor costs on Job 40 and 510 hours on Job 42. Determine the
amount of factory overhead applied to Jobs 40 and 42 in
August.
$-------
C. Prepare the journal entry to apply factory overhead to both jobs in August according to the predetermined overhead rate.
Homework Answers
![1. Calculation of predetermined factory overhead rate using direct labor hours as the activity base Estimated factory overhead cost S243,000 *Estimated number of direct labor hours 27,000 direct labor-hours >given in question >given in question Estimated factory overhead cost $243,000 Predetermined factory overhead rate Estimated number of direct labor hours 27,000 hours 9 per direet labor hour Predetermined factory overhead rate- $9 per direct labor hour 2. Amount of factory overhead applied to Jos 40 and 42 in August Factory Overhcad applicd -Actual direct labor hours x Predetcrmined Ovcrhead Rate Actual Direct labor hours Predetermined factory overhead rate Factory Overhead applied $6,570 [730 labor hours x $9] $4,590 1510 labor hours x $9 Job 40 730 direct labor hours $9 per direct labor hour Job 42 510 direct labor hours $9 per direct labor hour](http://img.homeworklib.com/questions/a72dae60-6f0f-11ea-a0dc-0366eb4463f5.png?x-oss-process=image/resize,w_560)
![3. Journal entry Account titles and Explanation Debit Credit Work-in process [Total factory overhead applied- $6,570 +$4,590] $11,160 Factory overhead $11,160 To record applied factory overhead](http://img.homeworklib.com/questions/a7b93fd0-6f0f-11ea-95c5-af1d430b638e.png?x-oss-process=image/resize,w_560)
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