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Question 10)

Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,600, and wages for factory workers were $112,890. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 Factory Labour $29,000 35,000 Materials $43,870 33,680 40,090 39,700 3,200 160,540 17,900 A4 General factory use Total 25,600 5,390 112,890 3. Manufacturing overhead costs incurred on account were $69,200. 4. Depreciation on machinery and equipment was $16,720. 5. The manufacturing overhead rate is 75% of the direct labour cost. Prepare entries for manufacturing costs and assigning costs to production. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (To record purchases of raw materials on account) (To record factory labour costs) (To record manufacturing overhead costs) (To assign factory labour to production) (To assign raw materials to production) (To assign overhead to production)