# Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Fa

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 Estimated factory overhead cost for fiscal year beginning March 1 \$12,900,000 \$10,200,000 Estimated direct labor hours for year 250,000 Estimated machine hours for year 600,000 Actual factory overhead costs for March \$12,990,000 \$10,090,000 Actual direct labor hours for March 245,000 Actual machine hours for March 610,000

a. Determine the factory overhead rate for Factory 1.
\$ per machine hour

Don't use plagiarized sources. Get Your Custom Essay on
Sundance Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Fa
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!

b. Determine the factory overhead rate for Factory 2.
\$ per direct labor hour

Feedback

c. Journalize the entries to apply factory overhead to production in each factory for March.

 Factory 1 Work in Process Factory Overhead Factory 2 Work in Process Factory Overhead

Feedback

d. Determine the balances of the factory overhead accounts for each factory as of March 31,and indicate whether the amounts represent overapplied factory overhead or underapplied factory overhead.

 Factory 1 \$ Credit Overapplied Factory 2 \$ Debit Underapplied

a. Factory overhead rate for Factory 1 = Estimated factory overhead cost / Estimated machine hours for year

= \$12900000 / 600000 = \$21.50

b. Factory overhead rate for Factory 1 = Estimated factory overhead cost / Estimated direct labor hours for year

= \$10200000 / 250000 = \$40.80

c. Journal

 No. Account Name Debit Credit 1. Work in process (610000 x \$21.50) \$13115000 Factory overhead \$13115000 2. Work in process (245000 x \$40.80) \$9996000 Factory overhead \$9996000

d. Factory 1 = \$12,990,000 – \$13,115,000 = \$125000 Credit Overapplied

Factory 1 = \$10,090,000 – \$9,996,000 = \$94000 Debit Underapplied

Order NOW For a 10% Discount!
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

## Calculate the price of your order

Total price:
\$0.00

How it works?

Follow these simple steps to get your paper done

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

## Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.