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Need help asap please and thank you!!! 1. Adjusted for overallocated or underallocated overhead. Journalize the following transactions for Blanche's Benches. Explanations are not required.
Need help asap please and thank you!!!
1. Adjusted for overallocated or underallocated overhead. Journalize the following transactions for Blanche's Benches. Explanations are not required. (Click tho icon to viow tho transactions.) (Record debits first, then credis. Exclude explanations from any journal entrles.) a. Incurred and paid Web site expenses, $2,500. b. incurred manufacturing wages of $13,000,55% of which wes direct labor and 45% of which C. Purchased raw materials on account 323,000 . d. Used in productorc diect mstedals, $9,500, hdirect materlals, $2,500. +. Fecorded manulscturng ovbihead: depreciasion on plant, $10,000; plant 1. Mocated mankfactoring ovemead to jobn, 220% of divect labor costs More info a. Incurred and paid Web site expenses, $2,500. b. Incurred manufacturing wages of $13,000,55% of which was direct labor and 45% of which was indirect labor. c. Purchased rave materials on account, $23,000. d. Used in production: direct materials, $9,500; indirect materials, $2,500. - Recorded manufacturing overhead: deprociation on plant, $10,000; plant insurance (previously paid), \$1,000: plant property tax. $3,500 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 220% of direct labor costs. g. Completed production on jobs with costs of $34,000. h. Sold inventory on account, $30,000; cost of goods sold, $16,000. 1. Adjusted for overallocatd or underallocated overhead. 9. Comploted production on jobe with costs of $34,000. h. Sold inventory on account, $30,000; cost of goods sold, $16,000 Eegin by recording the revenue from the sales on account. Do not record the expenso related to the sale in this journal entry. Wo will do that in the next stop Step by Step Solution
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