Factory Overhead Rates, Entries, and Account Balance
Bryson 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 attached.
What is the factory overhead rate for Factory 1 (dollar amount per machine hr), Factory 2 (dollar amount per direct labor hr),balances of the factory accounts for each factory as of November 30, whether the amounts represent overapplied factory overhead or underapplied factory and journalize factory overhead for November