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Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $10,100 of indirect materials for use in production of surfboard wax b.
Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $10,100 of indirect materials for use in production of surfboard wax b. Incurred $200,000 in actual other overhead costs (paid in cash), c. Applied overhead at the rate of 150% of direct labor costs. Direct labor costs were $120,000 in the Mixing department and $65,000 in the Shaping department View transaction list Journal entry worksheet Requisitioned $10,100 of indirect materials for use in production of surfboard wax. Note: Enter debits before credits Transaction Credit General Journal Factory overhead Raw materials inventory Debit 10,100 10.100 Racord entry Clear entry View general Journal Journal entry worksheet 2. 3 > Incurred $200,000 in actual other overhead costs (paid in cash). Note: Enter debits before credits Transaction Debit Credit b General Journal Factory overhead Accounts receivable 200.000 Record entry Clear entry View general Journal Journal entry worksheet
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