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Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $9,600 of indirect materials for use in production of surfboard wax. 2.

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Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $9,600 of indirect materials for use in production of surfboard wax. 2. Incurred $222,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $130,000 in the Mixing department and $70,000 in the Shaping department. View transaction list Journal entry worksheet 2 3 Requisitioned $9,600 of indirect materials for use in production of surfboard wax. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal

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