10. Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $9,800 of indire
Posted: Sun Jun 05, 2022 7:17 pm
10. Prepare journal entries to record the following production
activities for Hotwax.
a. Requisitioned $9,800 of indirect materials
for use in production of surfboard wax.
b. Incurred $218,000 in actual other overhead
costs (paid in cash).
c. Applied overhead at the rate of 160% of
direct labor costs. Direct labor costs were $80,000 in the Mixing
department and $80,000 in the Shaping department.
Journal entry worksheet
Note: Enter debits before credits.
Note: Enter debits before credits.
Note: Enter debits before credits.
activities for Hotwax.
a. Requisitioned $9,800 of indirect materials
for use in production of surfboard wax.
b. Incurred $218,000 in actual other overhead
costs (paid in cash).
c. Applied overhead at the rate of 160% of
direct labor costs. Direct labor costs were $80,000 in the Mixing
department and $80,000 in the Shaping department.
Journal entry worksheet
Note: Enter debits before credits.
Note: Enter debits before credits.
Note: Enter debits before credits.