Weber Company purchases $39,650 of raw materials on account, and it incurs $56,6
ID: 2423476 • Letter: W
Question
Weber Company purchases $39,650 of raw materials on account, and it incurs $56,620 of factory labor costs. Supporting records show that (a) the Assembly Department used $26,820 of raw materials and $29,140 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs.
Journalize the assignment of overhead to the Assembly and Finishing Departments. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Account Titles and Explanation
Debit
Credit
Explanation / Answer
Assembly = 29140 x 160% = 46624
Finishing = 27480 x 160% = 43968
Account titles and explanation Debit credt Assembly department 46624 Finishing department 43968 Manufacturing overhead 90592Related Questions
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