Question 3 (12 points) Question 3 Unsaved Bravo Company uses a job order cost sy

Question

Question 3 (12 points) Question 3 Unsaved Bravo Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $250,000 and direct labor hours of 50,000. During the month of February 2017, Job A-1 incurred direct labor of 800 hours. Use this information to prepare the end of the month application General Journal entry (without explanation) of factory overhead for Job A-1 for the month. If no entry is required then write "No Entry Required.

General Journal:

Date

Accounts

Debit

Credit

2/28/17

Date

Accounts

Debit

Credit

2/28/17

Explanation / Answer

2/28/17 Work in Process - Job A-1 4000 =250000/50000*800              Factory Overhead 4000

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