Answer:
Note <em>See complete question as attached as picture below</em>
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a. Predetermined factory overhead rate = Estimated factory overhead cost / Direct labr hours
Predetermined factory overhead rate = $1,750,000 / 500,000 hours
Predetermined factory overhead rate = $3.50 per direct labor hours
b. Particulars Amount
Job 50 (20,000*3.50) $70,000
Job 51 (24,000*3.50) <u>$84,000</u>
Factory overhead applied <u>$154,000</u>
c. Balance in factory overhead = $154,000 - $153,000
Balance in factory overhead = $1,000
d. Over-applied factory overhead = $1,000