1. Predetermined overhead rate
= 588,000 / 490,000
= 120%
2.
Work in process - Blending (42,000 * 120%) | 50,400 | |
Factory overhead - Blending | 50,400 |
3.
Balance in factory overhead blending department:
= 52,400 - 50,400
= 2,000 Debit
4.
Underapplied
Factory Overhead Rate, Entry for Applying Factory Overhead, and Factory Overhead Account Balance The cost accountant...
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