Each helmet takes 3 hours of direct labour hours and 4 machine hours to manufacture. The selling price of a helmet is equal to cost plus a 200% mark-up. The following information was provided about the activity of the company for the financial year.

(a) Record the journal entry for direct labour used in production

(b) Record the journal entry for the purchase of direct materials on credit

(c) Record the journal entry for direct materials used in production

(d) Record the journal entry for overhead applied for the period

(e) Record the journal entry for actual overhead for the period

Overheard driver Direct labour hours $25 per hour $720,000 9,500 10,000 10,075 12,000 $750,000 Direct labour cost Budgeted manufacturing overhead for the period Budgeted machine hours for the period Budgeted direct labour hours for the period Actual machine hours for the period Actual direct labour hours for the period Direct materials purchased Direct materials used in production Direct materials per unit cost Factory Electricity Administrative Office Electricity Advertising expense Factory Rent Administrative Office Rent $650,000 $8 $185,000 $50,000 $200,000 $210,000 $135,000 Administrative staff's salaries $230,000 $230,000 Factory equipment depreciation Office Equipment Depreciation $47,852