Refer to the information in QS 20-2 and QS 20-3. Blanches Boxes requisitioned $9,000 of indirect mate
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Refer to the information in QS 20-2 and QS 20-3. Blanche’s Boxes requisitioned $9,000 of indirect mate¬ rials from its raw materials and used $ 10,000 of indirect labor in its production of boxes. Also, it incurred $156,000 of other factory overhead costs. It applies factory overhead at the rate of 140% of direct labor costs. Prepare Journal entries to record its (1) indirect materials requisitioned, (2) indirect labor used in production, (3) other factory overhead costs incurred, and (4) application of overhead to production.
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Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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