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Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $10,000 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 $10,000 of indirect materials for use in production of surfboard wax. 2. Incurred $192.000 overhead costs (credit Other accounts) 3. Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $115,000 in the Mixing department and $85,000 In the Shaping department. View transaction list Journal entry worksheet 1 2 Requisitioned $10,000 of indirect materials for use in production of surfboard wax Note: Enter debit before credits Debit General Journal Transaction Credit Incurred $192,000 overhead costs (credit *other accounts"), ok Note: Enter debts before credits ances General Journal Dobit Credit Transaction 2 Record entry Clear entry View general Journal 2 3 > Applied overhead at the rate of 155% of direct labor costs. Direct labor costs were $115,000 in the Mixing department and $85,000 in the Shaping department 106 Note: Enter debits before credite Transaction General Journal Debit Credit Record entry Clear entry View generall

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