Chapter 9, Problem 9.11DMP

Sunflower Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $360,000 and direct labor hours of 60,000. During the month of February 2011, Job I-1 incurred direct labor of 700 hours. Use this information to make an example of the end-of-the-month application General Journal entry (without explanation) of factory overhead for Job I-1 for the month.

I need help solving this general accounting question with the proper methodology.

During FY 2025, Westfield Manufacturing plans to sell Gadgets for $22 a unit. Current variable costs are $9 a unit and fixed costs are expected to total $208,000.Use this information to determine the dollar value of sales for Westfield to break even. (Round to the nearest whole dollar.)