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Prepare journal entry to record the application of overhead

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Question - Monthly overhead cost formula $42,900 + $6 per direct labor cost. Budgeted annual capacity is 78,000 direct labor hours, to be incurred evenly each month. Making 1 unit of product requires 1.5 direct labor hours.

Required -

a) What is the total overhead to be applied per unit of product?

b) Prepare journal entry to record the application of overhead to Work in Process Inventory and the incurrence of $128,550 of actual overhead in January, when 6,390 direct labor hours were worked.

c) Given the actual direct labor hours of 6,390, how many units would you have expected to be produced in January?

Reference no: EM132524877

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