14)_ 15) Juarez Builders incurred $285,00 of labor costs for construction jobs completed during the month of August, of which $21200 has direct and $73,000 a ndect supervisory costs. The correct journal entry to record the $73,000 indirect labor Debit Factory Wages Payable; credit Factory Overhead 16) Minstrel Manufacturing uses a job order costing system During one month, Minstrel purchased $198,000 of raw materia Issued materials to production of $195,000 of which $30,000 were indirect, Minstrel incurred a factory payroll of $150,000, of which $40 000 was in rect labor Minstrel uses a predetermined overhead rate ous % of direct labor cost. The journal entry to record the factory payroll is Debit Work in Process Inventory $110,000, credit Factory Overhead $40,000, Payable $150,000. Minstrel Manufacturing uses a job order costing system During one month, Minstrel purchased $198,000 of raw materials on which $40,000 was indirect labor. costs added during the period are $440,000 materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of S150,000, Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing 17) 18) Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, which S40,000 was indirect labor. Minstrel uses a redetermined overhead application rate of 150% of rect labor cost i Minstrel incurred total overhead costs of $167,800 during the month, the amount of under- or overapplied overhead is $2,800 underapplied. 18) 19) Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit, issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000 which $40,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel beginning and ending Work in Process Inventory are $15,500 and $27,000 respectively. The cost of product transferred to Finishe Goods Inventory: is $428,500. 19) 20) Finished goods inventory is $190 000 If overhead applied to these goods is S72,000, and the overhead rae is i 20% of direct labor, direct materials costs incurred in producing the inventory was $60,000. 20) 21) Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adan estimated total overhead of $396,000; materials of $410,000 and direct labor of $220,000. During the year Adams incurred $418 in materials costs, $413,200 in overhead costs and $224,000 in direct labor costs. The overhead application rate is 180% 21)_
