Prepare journal entries to record the following production activities for Hotwax. 1. Requisitioned $10,500 of indirect materials for use in production of surfboard wax. 2. Incurred $170,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 150% of direct labor costs. Direct labor costs were $170,000. View transaction list Journal entry worksheet Requisitioned $10,500 of indirect materials for use in production of surfboard wax Note: Enter debits before credits. General Journal Debit Credit Transaction 1 1 1 . . Journal entry worksheet Incurred $170,000 overhead costs (credit "Other accounts"). Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet