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prepare the journal b. Issued $3,7v or supplies in materials inventory into production d. Amount. c. Paid for materials purchased in (a) Armunt d. Issued
prepare the journal
b. Issued $3,7v or supplies in materials inventory into production d. Amount. c. Paid for materials purchased in (a) Armunt d. Issued $43,650 in direct materials to the production denartmant e. Incurred total wage costs of $89,000 of which $15,100 was withheld for payroll taxes, to be paid next month. f. Analyzed the Payroll Expense account and determined that 60% represented direct labor, 30% indirect labor, and 10% adminstrative and marketing costs. For this entry you will need to compute the amounts to be debited. g. Applied overhead on the basis of 175% of direct labor costs. For this entry you will need to compute the amounts to be debited and credited. Amount h. Paid for utilities, power, equipment maintenance, and other miscellaneous items for the bakery totalling $41,300 i. Recognized depreciation of $16,250 on the bakery property, plant and equipment. j. Book the over/under for manufacturing overhead to coGs. For this entry you will need to compute the amounts to be debited and credited Step by Step Solution
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