- Maple Outdoor Furniture Manufactures Wood Patio Furniture If The Company Reports The Following Costs For June 2024 Wha 1 (52.41 KiB) Viewed 50 times
Maple Outdoor Furniture manufactures wood patio furniture. If the
company reports the following costs for June 2024, what is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Assume that the labor has been incurred, but not yet paid. Prepare journal entries for overhead costs incurred in June. (Click the icon to view the costs.) What is the balance in the Manufacturing Overhead account before overhead is allocated to jobs? Enter the costs and calculate the balance ("Bal.") of the Manufacturing Overhead T-account. Manufacturing Overhead Prepare journal entries for overhead costs incurred in June. (Record debits first, then credits. Exclude explanations from any journal entries.) First, prepare an entry for the overhead costs for materials used. Data Table Wood Nails, glue, stain Depreciation on saws Indirect manufacturing labor Depreciation on delivery truck Assembly-line workers' wages Print $ 290,000 19,000 5,100 44,000 1,900 50,000 Done X
First, prepare an entry for the overhead costs for materials used. Date Accounts Next, prepare an entry for the overhead costs for labor incurred. Accounts Date Debit Debit Credit Credit
Finally, prepare an entry for all other overhead costs. Date Accounts Debit 17 Credit