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Question
Cavy Company estimates that total factory overhead costs will be $660,000 for the year. Direct labor hours are estimated to be 100,000.
a. Determine the:
(1) Predetermined factory overhead rate
(2) Amount of factory overhead applied to Job 345 if the amount of direct labor hours is 560 and Job 777 if the amount of direct labor hours is 800
b. Journalize the entry to apply factory overhead for April, assuming Jobs 560 and 777 are the only jobs in production during the month.
Answer
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