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edugen.wileyplus.com I Need C | Chegg.com WileyPLUS WileyPLUS weygandt, Accounting Principles, 11e FINANCIAL ACCOUNTING (AC 221) HomeRead, Study & Practice Assignment Gradebook Assignment> Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Ch 20 HW Problem 20-1A (Part (d) evel Submission Prepare the journal entries to record the assignment of (a) direct materials, (b) direct labor, and (c) manufacturing overhead costs to production. In assigning manufacturing overhead costs, use the overhead rate calculated in part (a). (Credit account titles are automatically indented when amount is entered. Do not indent manually.) blem 20-4A (Pa Review Sco No. Account Titles and Explanation Debit Credit Review Results by Study Objective SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER hn Wiley All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.17.3.3 ivacExplanation / Answer
a.) predetermined overhead rate = estimate overhead cost / direct labour cost
= $1120768 / $700480
=160% of direct labour cost
d) assign of direct material cost to production :
Work in process Dr.$78470
To Raw material(10370 + 38050 + 30050) $78470
assign of direct labour cost to production :
Work in process Dr.$53650
To factory labour(5840 + 24200 + 23610) $53650
assign of manufacturing overhead to production :
Work in process Dr. $85840
To manufactuing overhead($53650 * 160%) $85840
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