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Estmated made for a production department of the automate comapay fo the month of Oct: Buget

Estmated made for a production department of the automate comapay fo the month of Oct: Buget

Estmated made for a production department of the automate comapay fo the month of Oct:

Buget factory overhead for worked hour $17360

Estimated direct labor 3100

Factory overhead is applied on the basis of direct labor hours. On Oct 31, the record show:

Acutal overhead $18,625

Applied factory overhead 19,180

Questions:

Prepare the entry or entries to close out the two factory overhead account balances to set up the overapplied or underapplied factory overhead, and to close the balance in under or overapplied factorry overhead to cost of goods sold?

Estmated made for a production department of the automate comapay fo the month of Oct: Buget…

Estmated made for a production department of the automate comapay fo the month of Oct:

Buget factory overhead for worked hour $17360

Estimated direct labor 3100

Factory overhead is applied on the basis of direct labor hours. On Oct 31, the record show:

Acutal overhead $18,625

Applied factory overhead 19,180

Questions:

Prepare the entry or entries to close out the two factory overhead account balances to set up the overapplied or underapplied factory overhead, and to close the balance in under or overapplied factorry overhead to cost of goods sold?

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