Winston Company estimates that the factory overhead for the following year will be $1,168,000. The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 36,500 hours. The total machine hours for the year were 54,400 hours. The actual factory overhead for the year was $1,765,000. Enter the amount as a positive number. a. Determine the total factory overhead amount applied. Round to the nearest dollar. $fill in the blank f3300e016fa0008_1 b. Compute the over- or underapplied amount for the year. $fill in the blank f3300e016fa0008_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. - Select - - Select - - Select - - Select -
Winston Company estimates that the factory
a. Determine the total factory overhead amount applied. Round to the nearest dollar.
$fill in the blank f3300e016fa0008_1
b. Compute the over- or underapplied amount for the year.
$fill in the blank f3300e016fa0008_2
c.
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