QS 3-25 (Algo) Recording costs of factory overhead LO P3 Prepare journal entries to record the following production activities for Hotwax. a. Requisitioned $10,300 of indirect materials for use in production of surfboard wax. b. Incurred $156,000 in actual other overhead costs (paid in cash). c. Applied overhead at the rate of 140% of direct labor costs. Direct labor costs were $140,000 in the Mixing department in the Shaping department. x Answer is not complete. No Transaction General Journal Debit Credit 1 a Factory overhead 10,300 Raw materials inventory V 10,300 2 b Factory overhead V 156,000 Cash V 156,000 3 C Work in process inventory-Shaping V 196,000 X Factory overhead X