Applying Factory Overhead. Hatch Company estimates that total factory overhead costs will be $36,000 for the year. Direct labor hours are estimated to be 9,000. a. For Hatch Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. 4 per direct labor hour b. During May, Hatch Company accumulated 750 hours of direct labor costs on Job 200 and 640 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. If an amount box does not require an entry, leave it blank.

Applying Factory Overhead. Hatch Company estimates that total factory overhead costs will be $36,000 for the year. Direct labor hours are estimated to be 9,000. a. For Hatch Company, determine the predetermined factory overhead rate using direct labor hours as the activity base. 4 per direct labor hour b. During May, Hatch Company accumulated 750 hours of direct labor costs on Job 200 and 640 hours on Job 305. Determine the amount of factory overhead applied to Jobs 200 and 305 in May. c. Prepare the journal entry to apply factory overhead to both jobs in May according to the predetermined overhead rate. If an amount box does not require an entry, leave it blank.

Name: Applying Factory OverheadHatch Company estimates that total factory o
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Description: Applying Factory OverheadHatch Company estimates that total factory overhead costs will be $36,000 for the year. Direct labor hours are estimated to be 9,000.a. For Hatch Company, determine the predetermined factory overhead rate using direct labor

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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