Factory overhead It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation. Applied factory overhead The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate. the factory overhead rate for Factory 1.

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Answer 1

Question

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

(b)

To determine

the factory overhead rate for Factory 2.

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

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Please provide the correct answer to this general accounting problem using accurate calculations.

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Answer 2

Question

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

(b)

To determine

the factory overhead rate for Factory 2.

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

(b)

To determine

the factory overhead rate for Factory 2.

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

(b)

To determine

the factory overhead rate for Factory 2.

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

(b)

To determine

the factory overhead rate for Factory 2.

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

Answer 6

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

Answer 7

Chapter 2, Problem 9E

(a)

To determine

Factory overhead

It includes all manufacturing costs except direct material cost and direct labor cost. Factory overhead cost includes all costs like indirect materials, indirect labor, factory power and factory depreciation.

Applied factory overhead

The company applies factory overhead using predetermined factory overhead rate. The factory overhead applied is recorded in each job sheet which consists of direct labor hour and predetermined overhead rate.

the factory overhead rate for Factory 1.

Answer 8

(b)

To determine

the factory overhead rate for Factory 2.

Answer 9

(b)

To determine

the factory overhead rate for Factory 2.

Answer 10

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

Answer 11

(c)

To determine

To record: Journal entry the factory overhead applied in the books of T Industries.

Answer 12

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

Answer 13

(d)

To determine

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 2 - A. Name two principal types of cost accounting...Ch. 2 - What kind of firm would use a job order cost...Ch. 2 - Which account is used in the job order cost system...Ch. 2 - What document is the source for (A) debiting the...Ch. 2 - What is a job cost sheet?Ch. 2 - Prob. 6DQ Ch. 2 - Discuss how the predetermined factory overhead...Ch. 2 - A. How is a predetermined factory overhead rate...Ch. 2 - Prob. 9DQ Ch. 2 - Describe how a job order cost system can be used...

Solution Summary: The author explains the factory overhead rate for factory 1 and factory 2 and how it is applied to jobs.

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the factory overhead rate for Factory 2.

To record: Journal entry the factory overhead applied in the books of T Industries.

The balance of factory overhead accounts for each factory as of March 31 & indicates under or over-applied factory overhead.

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Chapter 2 Solutions