Question 1 of 10 > 075 View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect Warner Company purchases $52,500 of direct raw materials and it incurs $61,600 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $24,900 of direct raw materials and $37,900 of direct factory labor, and (b) the Finishing Department used the remainder Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format Assume the balance in Manufacturing Overhead was $106,560 prior to assignment. (Enter negative amounts using elther a negative sin preceding the number og 45 or parentheseses.(45) Manufacturing Costs Raw Materials Inventory Factory Labor Manufacturing Overhead Balance 52,500 $ 61.600 $ $[ Assigning Overhead [ Show Attempt History Current Attempt in Progress Your answer is incorrect Warner Company purchases $52,500 of direct raw materials and it incurs $61,600 of direct factory labor costs. Supporting records show that (a) the Assembly Department used $24,900 of direct raw materials and $37,900 of direct factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Record the assignment of overhead to the Assembly and Finishing Departments using the following format. Assume the balance in Manufacturing Overhead was $106,560 prior to assignment. (Enter negative amounts using either a negative sign preceding the number es -45 or parentheses eg: (453) Work in Process Manufacturing Costs Factory Labor Manufacturing Overhead Assembly Finishing 61,600 $ 62,800 -53.700 eTextbook and Media Attempts: 1 of 3 used Submit Answer Save for later Last saved 23 minutes ago. Saved work will be auto-submitted on the due date Auto- submission rantake unto 19 minutes