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Prepare journal entries for the following: Requisitioned into production $50,000 direct material & $5,000 indirect material. Recorded $60,000 direct labor &13,000 indirect labor on account.
Prepare journal entries for the following:
- Requisitioned into production $50,000 direct material & $5,000 indirect material.
- Recorded $60,000 direct labor &13,000 indirect labor on account.
- Recorded $ 10,000 for factory electricity on account
- Applied OH at 50% of DL$. Show computation.
- Closed over/under applied OH to COGS.
Show computations.
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Auditing Quality Management Systems Keeping Your Quality Management System Relevant
Authors: Herne European Consultancy, Ray Tricker
1st Edition
0992758521, 978-0992758523
