Reference no: EM132531241

Question - The estimated total factory overhead cost and total machine hours for Department 40 for the current year are $2,822,400 and 245,000 respectively. During Jan., the first month of the year, actual machine hours used totaled 18,250 and factory overhead cost incurred totaled $206,800. (Round factory overhead rate to 2 decimals and total cost to the nearest dollar.)

1. Determine the pre-determined factory overhead rate based on machine hours.

2. What is the Debit amount to Work in Process to apply Factory Overhead for January.

3. What is the debit or credit balance of Factory Overhead - Department 40 at January 31?

4. Does the balance of Factory Overhead - Department 40 at January 31 represent overapplied or underapplied factory overhead.