1. Requisitioned $14,400 of indirect materials for use in production of surfboard wax. 2. Incurred $220,000...

Transcribed Image Text:

1. Requisitioned $14,400 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 $90,000 in the Mixing department and $75,000 in the Shaping department. View transaction list 1. Requisitioned $14,400 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 $90,000 in the Mixing department and $75,000 in the Shaping department. View transaction list