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Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $11,000 of indirect materials for use in production of surfboard wax. b.

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Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $11,000 of indirect materials for use in production of surfboard wax. b. Incurred $162,000 in actual other overhead costs (paid in cash). c. Applied overhead at the rate of 145% of direct labor costs. Direct labor costs were $115,000 in the Mixing department and $60,000 in the Shaping department. Journal entry worksheet Requisitioned $11,000 of indirect materials for use in production of surfboard wax. Note: Enter debits before credits. Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $11,000 of indirect materials for use in production of surfboard wax. b. Incurred $162,000 in actual other overhead costs (paid in cash). c. Applied overhead at the rate of 145% of direct labor costs. Direct labor costs were $115,000 in the Mixing department and $60,000 in the Shaping department. Journal entry worksheet Incurred $162,000 in actual other overhead costs (paid in cash). Note: Enter debits before credits. Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $11,000 of indirect materials for use in production of surfboard wax. b. Incurred $162,000 in actual other overhead costs (paid in cash). c. Applied overhead at the rate of 145% of direct labor costs. Direct labor costs were $115,000 in the Mixing department and $60,000 in the Shaping department. Journal entry worksheet Applied overhead at the rate of 145% of direct labor costs. Direct labor costs were $115,000 in the Mixing department and $60,000 in the Shaping department. Note: Enter debits before credits

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