Reference no: EM132565418

The John Kinky Toy Company applies factory overhead to jobs on the basis of Machine hours in the Feather Department. The following information was made available:

Estimated factory overhead costs for the year . . . . . . . . . . $30,000

Estimated machine hours for the year . . . . . . . . . . . . . . . . . 12,000 hours

Actual machine hours used in May . . . . . . . . . . . . . . . . . . . . 1,150 hours

Actual factory overhead costs for May . . . . . . . . . . . . . . . . $ 2,400

Question 1: Determine the predetermined factory overhead rate for the Feather Department using the budget information above.Overhead Rate

Question 2: Determine the amount of factory overhead to be applied to production for May in the Feather department using actual machine hours costs for May. Overhead Applied:

Question 3: Determine the balance of the Feather Department factory overhead account as of May 31. Balance:

Question 4: Indicate whether the balance of the Feather Department factory overhead account represents overapplied or underapplied factory overhead.