Materials, Labor, and Overhead Journal Entries (Actual Cost System). A company incurred the following costs in its manufacturing process for the month ending June 30, 20x1: Disect materials Indirect materials. Direct labor $40,000 24,000 60,000 Indirect labor 30.000 Depreciation of factory and equipment Factory managers salaries 10,000 25,000 Prepare journal entries to record costs on an actual cost system as of June 30, 20x1