with work how to VB. $40.80 per direct labor hour EX 16-9 Factory overhead...
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VB. $40.80 per direct labor hour EX 16-9 Factory overhead rates, entries, and account balance Obj. 2 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: SHOW ME HOW Factory 1 Factory 2 $12,900,000 $10,200,000 250,000 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 600,000 $12,990,000 $10,090,000 245,000 610,000 A. Determine the factory overhead rate for Factory 1. B. Determine the factory overhead rate for Factory 2. C. Journalize the entries to apply factory overhead to production in each factory for March. D. Determine the balances of the factory overhead accounts for each factory as of March 31, and indicate whether the amounts represent over- or underapplied factory overhead
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