Question
Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $13,400 of indirect materials for use in production of surfboard wax.
Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $13,400 of indirect materials for use in production of surfboard wax. b. Incurred $194,000 in actual other overhead costs (paid in cash). c. Applied overhead at the rate of 140% of direct labor costs. Direct labor costs were $145,000 in the Mixing department and $90,000 In the Shaping department. Answer is not complete. No Transaction General Journal 1 a Factory overhead Raw materials inventory 2 b Factory overhead Cash 00 Debit 13,400 ( Credit 13,400 194,000 194,000 177 3 C Work in process inventory-Mixing 329,000 Factory overhead 329,000
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