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Homework answers / question archive / The cost accountant for River Rock Beverage Co
The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning February 1 would be $656,400, and total direct labor costs would be $547,000. During February, the actual direct labor cost totaled $47,000, and factory overhead cost incurred totaled $58,650.
a. What is the predetermined factory overhead rate based on direct labor cost? Enter your answer as a whole percent not in decimals.
b. Journalize the entry to apply factory overhead to production for February.
Work in Process-Blending Department _____
Factory Overhead-Blending Department ______
c. What is the February 28 balance of the account Factory Overhead—Blending Department?
Amount: $_____
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