nh, Hu TcceduKhan Academy,\" Navy OCS surviors Netflix OCR App B-Inspe Lumen OHM
ID: 341979 • Letter: N
Question
nh, Hu TcceduKhan Academy," Navy OCS surviors Netflix OCR App B-Inspe Lumen OHM oter 16 assignment Saved Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $13,400 of indirect materials for use in production of surfboard wax 2 Incurred $220,000 overhead costs (credit Other accounts) 3. Applied overhead at the rate of 150% of direct labor costs. Direct labor costs were $190,000. 9 ts View transaction list Journal entry worksheet 2 Incurred $220,000 overhead costs (credit "Other accounts) Enter debes before crects Debit Credit :0Explanation / Answer
Date
Particular
Dr
Cr
1
Work in process inventory
13400
Indirect Materials inventory
13400.000000
(Entry to record indirect materials requisitioned for production of surfboard wax)
2
Overhead cost
220000
Other Accounts
220000
(Entry for actual overhead cost incurred )
3
Work in process inventory
285000
Overhead cost
285000
(Entry for overheads applied @ 150% of direct labor)
--------------------------------------------------------------------------------------------------------------------------
Feel free to comment if you need further assistance J
Pls rate this answer if you found it useful.
Date
Particular
Dr
Cr
1
Work in process inventory
13400
Indirect Materials inventory
13400.000000
(Entry to record indirect materials requisitioned for production of surfboard wax)
2
Overhead cost
220000
Other Accounts
220000
(Entry for actual overhead cost incurred )
3
Work in process inventory
285000
Overhead cost
285000
(Entry for overheads applied @ 150% of direct labor)
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.