Home / Expert Answers / Accounting / winston-company-estimates-that-the-factory-overhead-for-the-following-year-will-be-602-300-the-c-pa263

(Solved): Winston Company estimates that the factory overhead for the following year will be $602,300. The c ...



Winston Company estimates that the factory overhead for the following year will be \( \$ 602,300 \). The company has decided

Winston Company estimates that the factory overhead for the following year will be . The company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 31,700 hours. The total machine hours for the year were 54,300 . The actual factory overhead for the year was . a. Determine the total factory overhead amount applied. Round to the nearest dollar. b. Compute the over- or underapplied amount for the year. Enter the amount as a positive number. c. Journalize the entry to transfer the over-or underapplied factory overhead to cost of goods sold. If an amount box does not require an entry, leave it blank.


We have an Answer from Expert

View Expert Answer

Expert Answer


a.Estimated factory overhead = $602300Estimated machine hours = 31700Pred
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe