KZ Co. estimates the following manufacturing overhead costs for 2019:

Estimated direct labor hours		52,000	hours
Estimated direct labor costs	$	780,000
Estimated overhead costs	$	171,600

What is the overhead application rate based on direct labor costs? (Show Formula)

- During July 2019, Kali Co. purchased and issued the following materials and supplies.

Purchases				Issues from Storeroom
Materials	$	72,000		Direct materials	$	62,000
Manufacturing supplies		5,200		Manufacturing supplies		4,700

Give the entry in general journal form to record the cost of the materials purchased

During July 2019, Kali Co. purchased and issued the following materials and supplies.

Purchases				Issues from Storeroom
Materials	$	73,000		Direct materials	$	63,000
Manufacturing supplies		5,300		Manufacturing supplies		4,800

Give the entry in general journal form to record the cost of the manufacturing supplies purchased.