Bluetop Company Uses a Standard Cost System

question 35

Essay

Bluetop Company uses a standard cost system. For the month of April, the firm budgeted $160,000 for total factory overhead based on 40,000 machine hours. The standard calls for 4.0 machine hours for each finished unit. During April, the firm used 39,000 machine hours to manufacture 9,500 units, and incurred $159,000 in total factory overhead.
Required:
1. Determine (to the nearest whole dollar) the total amount of standard factory overhead cost charged to production in April.
2. Provide the correct journal entry to record the application of standard factory overhead costs to production. (Assume that the company uses a single overhead account, Manufacturing Overhead.)

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Definitions:

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Refers to drugs or medications that can be purchased without a prescription, available directly to consumers.

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A unique species of tree, Ginkgo biloba, known for its fan-shaped leaves and status as a living fossil, having no close living relatives.

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A genus of plants used in traditional medicine and for weight loss, known for its stimulant properties due to the presence of ephedrine.