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Minstrei Manufacturing uses a job order costing system. Ouring one month. Minstre purchased $198.000 of taw matenals an cteah: hssund materiah to production of $195,000
Minstrei Manufacturing uses a job order costing system. Ouring one month. Minstre purchased $198.000 of taw matenals an cteah: hssund materiah to production of $195,000 or which $30,000 were indirect. Minstrol incurred a factory peyroll or $150,000, of which 340,000 was indirect labor. Minstrel uses a predefermined overhend rate of 150% of direct labor cont. The joumal entry to record the factory payroll is Muthple Cricice Debit Work in Process inventary $150,000; debit Factory Overthead $40.000, credit Factory Wages Payable $190,000. Debit Work in Process Inventory $150,000; credit Cash $150.000 Debit Work in Process Inventory \$110,000; debit Factory Overhead $40,000; credit Factory Waget Payable $150,000. Debit Work in Process Inventory $150,000; credit Factory Overhead $40,000; credit Factory Wages Payable $110.000. Debit Work in Process inventory $110,000; credit Factory Overhead $40,000; credit Factory Wages Payable $150,000
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