Question
A summary of material requisition slips and time tickets, along with the overhead allocation, show the following costs: Job No. Material Requisition Slips Factory Labor
A summary of material requisition slips and time tickets, along with the overhead allocation, show the following costs:
Job No. | Material Requisition Slips | Factory Labor Time Tickets | Overhead Applied | |||
131 | $520 | $200 | $80 | |||
132 | 240 | 240 | 96 | |||
133 | 405 | 200 | 80 | |||
134 | 350 | 300 | 120 | |||
Not job specific | 70 | 160 | 0 | |||
$1,585 | $1,100 | $376 |
A. Prepare an entry to record the assignment of direct material to work in process. If an amount box does not require an entry, leave it blank.
Accounts PayableManufacturing OverheadProperty Taxes PayableRaw Materials InventoryWork in Process Inventory | - Select - | - Select - | |
Accounts PayableManufacturing OverheadProperty Taxes PayableRaw Materials InventoryWork in Process Inventory | - Select - | - Select - |
B. Prepare an entry to record the assignment of direct labor to work in process. If an amount box does not require an entry, leave it blank.
Accounts PayableFactory Wages PayableManufacturing OverheadRaw Materials InventoryWork in Process Inventory | - Select - | - Select - | |
Accounts PayableFactory Wages PayableManufacturing OverheadRaw Materials InventoryWork in Process Inventory | - Select - | - Select - |
C. Prepare an entry to record the assignment of manufacturing overhead to work in process. If an amount box does not require an entry, leave it blank.
Accounts PayableFactory Wages PayableManufacturing OverheadRaw Materials InventoryWork in Process Inventory | - Select - | - Select - | |
Accounts PayableFactory Wages PayableManufacturing OverheadRaw Materials InventoryWork in Process Inventory | - Select - | - Select - |
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