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Entry for Factory Labor Costs A summary of the time tickets for the current month follows: Job No. Amount 100 $2,080 . 101 1,730 104 3,160 L. . 108 3,560 11,090 Indirect labor 111 2,170 115 1,420 117 9,650 Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. Factory Overhead Rates, Entries, and Account Balance Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Factory 1 and on the basis of direct labor hours in Factory 2. Estimated factory overhead costs, direct labor hours, and machine hours are as follows: Factory 1 Factory 2 $520,960 $661,200 11,400 16,280 $41,660 Estimated factory overhead cost for fiscal year beginning March 1 Estimated direct labor hours for year Estimated machine hours for year Actual factory overhead costs for March Actual direct labor hours for March Actual machine hours for March a. Determine the factory overhead rate for Factory 1. per machine hour b. Determine the factory operhead rate for Factory 2. per direct labor hour $57,350 1,030 1,270 c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 Factory 2 a. Determine the factory overead rate for Factory 1. per machine hour b. Determine the factory overhead rate for Factory 2. per direct labor hour c. Journalize the entries to apply factory overhead to production in each factory for March. Factory 1 Factory 2 d. Determine the balances of the factory ove ead accounts for each factory as of March 31, and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead. Factory 1 $ Factory 2 $ Predetermined Factory Overhead Rate Street Runner Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $924,800 Shop direct labor 675,000 Shop and repair equipment depreciation 57,800 Shop supervisor salaries 160,700 Shop property taxes 29,200 Shop supplies 22,300 Advertising expense 18,500 Administrative office salaries 79,500 Administrative office depreciation expense 10,200 Total costs and expenses $1,978,000 The average shop direct labor rate is $15 per hour Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. per direct labor hour

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