Question

Question 11 (8 points)

On March 31, 2019, Dorchester Corporation recorded the following factory overhead costs incurred:

            Factory Manager Salary                  $5,500

            Factory Utilities                                  2,800

            Machinery Deprecation 9,000

            Machinery Repairs 1,800

            Factory Rent     2,000

The overhead application rate is based on direct labor hours.  The preset formula for overhead application estimated that $22,000 would be incurred, and 2,000 direct labor hours would be worked. During March, 650 hours were actually worked on Job Order 3-1 and 1,200 hours were actually worked on Job Order 3-2. Use this information to prepare the March 31 General Journal entries, without explanations, for the: (round any final dollar answers to the nearest whole dollar):

            1. to record the factory overhead costs

            2. the allocation of factory overhead to Job Order 3-1

            3. the allocation of factory overhead to Job Order 3-2

            4. the adjusting entry to dispose of any over or under application of factory overhead

General Journal:

Date	Accounts	Debit	Credit
3/31/19
3/31/19
3/31/19
3/31/19

Answer 1

Debit credit Date . DY 21,100 5,500 Dorchester Corporation Accounts 3|31119 Factory overhead al---- To Factory manager salary alcAAN TO Factory utiles alc To machinery Depreciation alc To machinery Repairs al TO Faclóry Rent alc (to record the Factory Overhead costs) 2,800 9,000 1,800 2,000 -DY 7150 3131119 750 cost of Goods sold - Job order 3-1 alc ww() C650 11) To Factory Overhead alc (to record allocation of factory overhead to Job order 3-1) working Note 00:- Standard Factory overhead = 22,000 Number of direct labour hours 2000 Factory Overhead Labour hours 2.0H application Rate 22000 2000 – ti 13,200 13,200 Cost of Goods sold - Job order 3-2 alc --- DV WN(I) 7 (1200 x u) 3/31/19 To Factory overhead alc (To Record allocation of Factory overhead to Job order 3-2)
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